Bank of America 2002 Annual Report Download - page 97

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BANK OF AMERICA 2002 95
The following table is a summary of the outstanding trust preferred securities and the Notes at December 31, 2002:
(Dollars in millions)
Aggregate
Principal Aggregate Per Annum
Amount of Principal Stated Interest Interest
Issuance Trust Preferred Amount of Maturity of Rate of Payment Redemption
Issuer Date Securities the Notes the Notes the Notes Dates Period
NationsBank
Capital Trust II December 1996 $0,365 $0,376 December 2026 7.83% 6/15, 12/15 On or after
12/15/06(1,3)
Capital Trust III February 1997 494 516 January 2027 3-mo. LIBOR 1/15, 4/15, On or after
+55 bps 7/15, 10/15 1/15/07(1)
Capital Trust IV April 1997 498 516 April 2027 8.25 4/15, 10/15 On or after
4/15/07(1,4)
BankAmerica
Institutional Capital A November 1996 450 464 December 2026 8.07 6/30, 12/31 On or after
12/31/06(2,5)
Institutional Capital B November 1996 299 309 December 2026 7.70 6/30, 12/31 On or after
12/31/06(2,6)
Capital II December 1996 450 464 December 2026 8.00 6/15, 12/15 On or after
12/15/06(2,7)
Capital III January 1997 400 412 January 2027 3-mo. LIBOR 1/15, 4/15, On or after
+57 bps 7/15, 10/15 1/15/02(2)
Capital IV February 1998 350 361 March 2028 7.00 3/31, 6/30, On or after
9/30, 12/31 2/24/03(2)
Barnett
Capital I November 1996 300 309 December 2026 8.06 6/1, 12/1 On or after
12/1/06(1,8)
Capital II December 1996 200 206 December 2026 7.95 6/1, 12/1 On or after
12/1/06(1,9)
Capital III January 1997 250 258 February 2027 3-mo. LIBOR 2/1, 5/1, On or after
+62.5 bps 8/1, 11/1 2/1/07(1)
Bank of America
Capital Trust I December 2001 575 593 December 2031 7.00 3/15, 6/15, On or after
9/15, 12/15 12/15/06(10)
Capital Trust II January 2002 900 928 February 2032 7.00 2/1, 5/1, On or after
8/1, 11/1 2/1/07(10)
Capital Trust III August 2002 500 516 August 2032 7.00 2/15, 5/15, On or after
8/15, 11/15 8/15/07(10)
Total $6,031 $6,228
(1) The Corporation may redeem the Notes prior to the indicated redemption period upon the occurrence of certain events relating to tax treatment of the related trust or the Notes,
relating to capital treatment of the trust preferred securities or relating to a change in the treatment of the related trust under the Investment Company Act of 1940, as amended, at a
redemption price at least equal to the principal amount of the Notes.
(2) The Corporation may redeem the Notes prior to the indicated redemption period upon the occurrence of certain events relating to tax treatment of the related trust or the Notes or
relating to capital treatment of the trust preferred securities at a redemption price at least equal to the principal amount of the Notes.
(3) The Notes may be redeemed on or after December 15, 2006 and prior to December 15, 2007 at 103.915% of the principal amount, and thereafter at prices declining to 100% on
December 15, 2016 and thereafter.
(4) The Notes may be redeemed on or after April 15, 2007 and prior to April 14, 2008 at 103.85% of the principal amount, and thereafter at prices declining to 100% on April 15, 2017 and
thereafter.
(5) The Notes may be redeemed on or after December 31, 2006 and prior to December 31, 2007 at 104.035% of the principal amount, and thereafter at prices declining to 100% on
December 31, 2016 and thereafter.
(6) The Notes may be redeemed on or after December 31, 2006 and prior to December 31, 2007 at 103.779% of the principal amount, and thereafter at prices declining to 100% on
December 31, 2016 and thereafter.
(7) The Notes may be redeemed on or after December 15, 2006 and prior to December 15, 2007 at 103.969% of the principal amount, and thereafter at prices declining to 100% on
December 15, 2016 and thereafter.
(8) The Notes may be redeemed on or after December 1, 2006 and prior to December 1, 2007 at 104.03% of the principal amount, and thereafter at prices declining to 100% on December 1,
2016 and thereafter.
(9) The Notes may be redeemed on or after December 1, 2006 and prior to December 1, 2007 at 103.975% of the principal amount, and thereafter at prices declining to 100% on
December 1, 2016 and thereafter.
(10) The Corporation may redeem the Notes prior to the indicated redemption period upon the occurrence and certification of a tax event, an investment company event or a capital
treatment event. The Corporation may extend the stated maturity date of the junior subordinated notes to a date no later than December 15, 2050.