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Bank Of America Announces Expiration And Results Of Cash Tender Offers For 2014 Senior Notes

Bank of America Corporation and its wholly-owned subsidiaries, Merrill Lynch & Co., Inc. and BAC Canada Finance Company (together, the “Offerors”), today announced the expiration of their offers to purchase (the “Maximum Offer”) for up to $2.863 billion cash (the “Maximum Payment Amount”) 11 series of their respective senior notes that have maturities in 2014 and are listed in the table below (the “Maximum Offer Notes”).

As of the “Expiration Date” for the Maximum Offer, which was 11:59 p.m., New York City time, on August 14, 2013, a total of approximately $6.2 billion (or its equivalent in the currencies in which certain of the Notes are denominated) in aggregate principal amount of the Notes had been validly tendered and not withdrawn. The aggregate purchase price for such tendered Notes is $6.3 billion. Since the aggregate purchase price payable for validly tendered Maximum Offer Notes exceeds the Maximum Payment Amount, tenders of Maximum Offer Notes will be accepted for purchase based on the acceptance priority levels (the “Acceptance Priority Level”) specified in the table below. Accordingly, 100% of series with Acceptance Priority Levels 1 through 6 and 4.5% of series with Acceptance Priority Level 7 will be accepted for purchase and none of the series with Acceptance Priority Levels 8 through 11 will be accepted for purchase. All tendered Maximum Offer Notes not accepted for purchase will be returned promptly.

The following table lists the series of Notes that were subject to the Maximum Offer, the aggregate principal amount of each series of Notes validly tendered and the aggregate principal amount of such series to be accepted for purchase:

         
Title of Notes   Issuer   CUSIP Number/

ISIN

  Principal Amount Tendered

(millions)

  Principal Amount Accepted for Purchase

(millions)

  Acceptance Priority Level
5.375% Fixed Rate Senior Notes due June 15, 2014 BofA 060505BM5/

US060505BM56

USD 371.8

USD 371.8

1
4.625% Fixed Rate Senior Notes due February 18, 2014 BofA XS0186317417 EUR 404.5 EUR 404.5 2
5.125% Fixed Rate Senior Notes due November 15, 2014 BofA 060505AU8/

US060505AU81

USD 310.0 USD 310.0 3
Floating Rate Senior Notes due September 15, 2014 BofA 06050MDZ7/

US06050MDZ77

USD 288.8 USD 288.8 4
5.450% Fixed Rate Senior Notes, due September 17, 2014 BofA 060505DM3/

CA060505DM31

CAD 280.6 CAD 280.6 5
Floating Rate Senior Notes due January 30, 2014 BofA 06051GEF2/

US06051GEF28

USD 988.7 USD 988.7 6
Floating Rate Senior Notes due February 21, 2014 BAC CFC 05518ZAM8/

CA05518ZAM82

CAD 586.5 CAD 26.2 7
Floating Rate Senior Notes due July 11, 2014 BofA 06051GEL9/

US06051GEL95

USD 216.2 USD 0.0 8
4.450% Fixed Rate Senior Notes due January 31, 2014 ML&Co XS0284283081 EUR 283.5 EUR 0.0 9
5.000% Fixed Rate Senior Notes due February 3, 2014 ML&Co 59018YSU6/

US59018YSU63

USD 290.3 USD 0.0 10
Floating Rate Senior Notes due January 31, 2014 ML&Co XS0284282356 EUR 1,510.3 EUR 0.0 11
 

Payment of the purchase price and accrued interest for Maximum Offer Notes will be made in the same currency in which such series of Maximum Offer Notes is denominated and is expected to occur on August 19, 2013.

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