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Bank of America, Floating Rate Non-Cumulative Preferred Stock Series I (3% Min)

Originally issued by Merrill Lynch

Coupon will float at a rate of 3 month Libor plus a spread of .75% with an overriding minimum of 3%

7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR

Ticker: BML-G

Parent Ticker: BAC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 10/27/2004

1st Call Date: 11/28/2009

Maturity Date: None

Shares Issued: 25,200,000

Overallotment Shares: 3,780,000

Coupon: 4.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.25

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 28

S&P Rating: BBB-

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

Moody Rating: Baa3

Fitch Rating: NR

Egan-Jones Rating: NR