Canadian National Stock Exchange (CNSX)

Canadian National Stock Exchange (CNSX)

November 02, 2011 14:19 ET

CNSX: 2011-1102-Rate Schedule-BAC Canada Finance Company Extendible Step Up Notes (BMF.N.A)

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2011) - Further to Bulletin 2011-1102, information amended to include Rate Schedule.

CNSX Markets has approved for listing BAC Canada Finance Company Extendible Step Up Semi-Annual Pay Medium-Term Notes, Series 1 (the "Notes").

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.

The Company will pay interest semi-annually during the term of the Notes, calculated based on a 360 day year consisting of twelve 30 day months. The initial term of the Notes will end on November 15, 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 Notes are outstanding, extend the Maturity Date of the Notes to the next following Subsequent Maturity Date or to the Final Maturity Date of November 15, 2016, at the interest rate below in respect of the relevant Extension Period.

Interest Rate to the Initial Maturity Date

From and including November 15, 2011 to but excluding November 15, 2012 -- 4.00%

Interest Rate – November 5, 2012 to November 15, 2016 (subject to extension of the term of the Notes by the Company).

From and including November15, 2012 to but excluding November 15, 2013 -- 4.10%

From and including November 15, 2013 to but excluding November 15, 2014 -- 4.15%

From and including November 15, 2014 to but excluding November 15, 2015 -- 4.20%

From and including November 15, 2015 to but excluding November 15, 2016 -- 6.00%

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 Notes will be available in the CNSX Listings Disclosure Hall.

If, As and When Issued Trading: Wednesday, November 2, 2011 up to November 9, 2011

Issue Date: November 15, 2011

Dealer: Stuart Investment Management Limited

Symbol: BMF.N.A

CUSIP: 05518ZAV8

ISIN: CA05518ZAV81

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