| Per Depositary Shares | ||||||||
|---|---|---|---|---|---|---|---|---|
| APL | Depositary Shares Representing Fractional Interests in Series of Bank of America Preferred Stock | CUSIP No. | Liquidation Preference[1] | Offer Price | Accrued Dividends[2] | Total Consideration[2] | Series Cap | Aggregate Liquidation Preference Tendered as of Expiration Date and to be Accepted for Purchase |
| 1 | Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP [3] | 06055H608 | $25.00 | $17.27 | $0.1174479 | $17.3874479 | $911,000,000 | $2,492,125 |
| 2 | Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ[3] | 06055H806 | $25.00 | $17.30 | $0.0767361 | $17.3767361 | $1,296,000,000 | $3,026,950 |
| 3 | Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN[3] | 06055H400 | $25.00 | $18.20 | $0.1215278 | $18.3215278 | $1,094,500,000 | $25,170,050 |
| 4 | Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E[3] | 060505815 | $25.00 | $19.22 | $0.0963694 | $19.3163694 | $313,265,175 | $9,343,625 |
| 5 | Depositary Shares, each representing a 1/1,200th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series 1[3] | 060505633 | $25.00 | $18.92 | $0.0571489 | $18.9771489 | $94,221,675 | $2,659,025 |
| 6 | Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS[3] | 06055H871 | $25.00 | $19.90 | $0.0857639 | $19.9857639 | $696,000,000 | $13,433,175 |
| 7 | Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL[3] | 06055H202 | $25.00 | $20.44 | N/A[4] | $20.4400000 | $1,305,000,000 | $8,876,000 |
| 8 | Depositary Shares, each representing a 1/25th interest in a share of 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR[5] | 060505GB4 | $1,000.00 | $860.70 | $5.5902778 | $866.2902778 | Not Applicable | $81,553,000 |
| 9 | Depositary Shares, each representing a 1/25th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM[5] | 060505FQ2 | $1,000.00 | $875.30 | $16.1250000 | $891.4250000 | Not Applicable | $331,172,000 |
| 10 | Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK[3] | 06053U601 | $25.00 | $22.12 | N/A[4] | $22.1200000 | $1,393,500,000 | $15,687,850 |
| 11 | Depositary Shares, each representing a 1/25th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF[5] | 060505FL3 | $1,000.00 | $897.40 | $14.3611111 | $911.7611111 | Not Applicable | $79,164,000 |
| 12 | Depositary Shares, each representing a 1/1,200th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series 5[3] | 060505583 | $25.00 | $19.17 | $0.0790691 | $19.2490691 | $417,677,000 | $21,755,775 |
| 13 | Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, Series HH[3] | 060505195 | $25.00 | $24.08 | $0.1999132 | $24.2799132 | $850,000,000 | $2,769,050 |
| 14 | Depositary Shares, each representing a 1/25th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ[5] | 060505FP4 | $1,000.00 | $965.10 | N/A[4] | $965.1000000 | $150,000,000 | $145,728,000 |
[1] As used in this news release, the term “Liquidation Preference” for a Depositary Share of a series, means an amount equal to the product of the liquidation preference for a share of the applicable underlying preferred stock of Bank of America ($30,000 for a share of preferred stock underlying the Series 1 Depositary Shares and Series 5 Depositary Shares, and $25,000 for a share of preferred stock underlying the Depositary Shares of all other series) and the fractional interest in such share of preferred stock that such Depositary Share represents as set forth in the table above. For each Listed Depositary Share (as defined below), the Liquidation Preference is $25.00 and for each Non-Listed Depositary Share (as defined below), the Liquidation Preference is $1,000.00.
[2] The Total Consideration (as defined in the Offer to Purchase) payable for Depositary Shares of a series that are purchased pursuant to an applicable Offer equals the applicable “Offer Price” for such Depositary Shares, plus, if applicable, the Accrued Dividends (as defined in the Offer to Purchase) for such Depositary Shares, each as set forth in the table above.
[3] Depositary Shares of this series are listed for trading on the New York Stock Exchange (the “NYSE”). Depositary Shares of all series that are listed on the NYSE are referred to herein collectively as the “Listed Depositary Shares.”
[4] Accrued Dividends are not included as part of the total consideration payable for Depositary Shares of this series.
[5] Depositary Shares of this series are not listed on any exchange and are referred to herein, collectively with Depositary Shares of other non-listed series, as the “Non-Listed Depositary Shares.”
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