CNSX - New Listing - BAC Canada Finance Company Extendible Step Up Notes 2 & 3

Bulletin: 2011-1108

TORONTO, Nov. 16, 2011 /CNW/ - CNSX Markets (the "Exchange") has approved for listing BAC Canada Finance Company Extendible Step Up Semi-Annual Pay Medium-Term Notes, Series 2 (the "CAD notes") and the USD Extendible Step Up Semi-Annual Pay Medium-Term Notes, Series 3 (the "USD Notes" and, together with the Cad Notes, the "Notes").

The Notes distributed under prospectus and pricing supplement will be sold by the Dealer through a selling agent on the Exchange at the Issue Price.  The notes will be posted for trading on an "if, as and when issued" basis from November 17, 2011 until on or about November 28, 2011.  Trades during the period will settle on the Issue Date, November 30, 2011.

The Notes are unsecured and unsubordinated debt securities of BAC Canada Finance Company (formerly Merrill Lynch Canada Finance Company, the "Company"), unconditionally guaranteed as to payment of all amounts payable by Bank of America Corporation.

The medium-term note program of the Company is rated "A" by Standard & Poor's Rating Services, (P)Baa1 by Moody's Investors Service, Inc. and A+ by Fitch Inc. These Notes will not be specifically rated by any of these rating agencies.

Interest (CAD Notes)

The Company will pay interest semi-annually during the term of the CAD Notes, calculated based on a 360 day year consisting of twelve 30 day months. The initial term of the Notes will end on November 30, 2012, the Initial Maturity Date. The Company may, at its option, on the Initial Maturity Date and on each semi-annual Subsequent Maturity Date thereafter on which the CAD Notes are outstanding, extend the Maturity Date of the CAD Notes to the next following Subsequent Maturity Date or to the Final Maturity Date of November 30, 2016, at the interest rate below in respect of the relevant Extension Period.

Interest Rate to the Initial Maturity Date (CAD Notes)

Rate to be announced in subsequent bulletin prior to trading

From and including November 30, 2011 to but excluding November 30, 2012 -- [-.--]%

Interest Rate - November 30, 2012 to November 30, 2016 (CAD Notes) (subject to extension of the term of the Notes by the Company) 

Rates to be announced in subsequent bulletin prior to trading

From and including November 30, 2012 to but excluding November 30, 2013 -- [-.--]%
From and including November 30, 2013 to but excluding November 30, 2014 -- [-.--]%
From and including November 30, 2014 to but excluding November 30, 2015-- [-.--]%
From and including November 30, 2015 to but excluding November 30, 2016 -- [-.--]%

Interest (USD Notes)

The Company will pay interest semi-annually during the term of the USD Notes, calculated based on a 360 day year consisting of twelve 30 day months. The initial term of the USD Notes will end on November 30, 2012, the Initial Maturity Date. The Company may, at its option, on the Initial Maturity Date and on each semi-annual Subsequent Maturity Date thereafter on which the USD Notes are outstanding, extend the Maturity Date of the USD Notes to the next following Subsequent Maturity Date or to the Final Maturity Date of November 30, 2016, at the interest rate below in respect of the relevant Extension Period.

Interest Rate to the Initial Maturity Date (USD Notes)

Rate to be announced in subsequent bulletin prior to trading

From and including November 30, 2011 to but excluding November 30, 2012 -- [-.--]%

Interest Rate - November 30, 2012 to November 30, 2016 (USD Notes) (subject to extension of the term of the Notes by the Company) 

Rates to be announced in subsequent bulletin prior to trading

From and including November 30, 2012 to but excluding November 30, 2013 -- [-.--]%
From and including November 30, 2013 to but excluding November 30, 2014 -- [-.--]%
From and including November 30, 2014 to but excluding November 30, 2015-- [-.--]%
From and including November 30, 2015 to but excluding November 30, 2016 -- [-.--]%

Principal Protection: 100%, if the Notes are held to the Maturity Date.

Payment at Maturity: The Principal Amount will be repaid on the Maturity Date.

Further details and the prospectus for the CAD Notes and USD Notes will be available in the CNSX Listings Disclosure Hall.

If, As and When Issued Trading: Thursday, November 17, 2011 up to November 28, 2011 (for settlement November 30, 2011)
Issue Date: November 30, 2011
Dealer: Stuart Investment Management Limited

Symbol (CAD Notes): BMF.DB.B
CUSIP (CAD Notes): 05518ZAW6
ISIN (CAD Notes): CA05518ZAW64
Currency: CAD

Symbol (USD Notes): BMF.DB.U
CUSIP (USD Notes): 05518ZAX4
ISIN (USD Notes): CA05518ZAX48
Currency: USD

Raquel Enes
Listings Administrator

CNSX Markets Inc. 
416.572.2000 Ext 2353

NOTE: This message and any attachment are intended for use only by the individual or entity to which it is specifically addressed and should not be read by, or delivered to, any other person. Such message or attachment may contain privileged or confidential information, the disclosure or other use of which by other than the intended recipient may result in the breach of certain laws or the infringement of rights of third parties. If you have received this message in error, please delete it and any attachment immediately and notify us using the contact details above.

SOURCE Canadian National Stock Exchange (CNSX)

For further information:

If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail:radhika.ramkarran@cnsx.ca

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Canadian National Stock Exchange (CNSX)

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