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Bank of America, Floating Rate Non-Cumulative Preferred Stock Series 5 (4% Min)

Coupon floats at the rate of 3 month libor plus 1/2% with a 4% minimum.

Originally issued by Merrill Lynch which was acquired by Bank of America

Ticker: BML-L

Parent Ticker: BAC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/16/2007

1st Call Date: 05/21/2012

Maturity Date: None

Shares Issued: 60,000,000

Overallotment Shares: 0

Coupon: 4.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.25

Ex-Dividend Months: JAN, APR, JUL, OCT

Approx. Ex-Dividend Day: Last Day

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 21

S&P Rating: BBB-

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa3

Fitch Rating: NR

Egan-Jones Rating: NR