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Pricing Supplement No. 15 dated June 13, 1996 Registration No. 33-52571
(To Prospectus Supplement dated December 16, 1994 Rule 424(b)(3)
and Prospectus dated March 18, 1994)
BANK OF BOSTON CORPORATION
MEDIUM-TERM NOTES
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
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Except as set forth herein, the Senior Notes offered hereby are "Floating
Rate Notes" and have such terms as are described in the accompanying Prospectus
Supplement dated December 16, 1994, relating to Floating Rate Notes. This
Pricing Supplement relates to $25,000,000 aggregate principal amount of Senior
Notes that are being purchased, as principal, by NationsBanc Capital Markets,
Inc. ("NationsBanc") for resale to one or more investors at varying prices
relating to prevailing market conditions at the time or times of resale as
determined by NationsBanc. Net proceeds payable by NationsBanc to Bank of Boston
Corporation (the "Corporation") will be 100% of the aggregate principal amount
of the Senior Notes, or $25,000,000, before deduction of expenses payable by the
Corporation.
DTC CUSIP #: 06420 MAQ3
Principal Amount: $25,000,000
Issue Date (Settlement Date): June 17, 1996
Stated Maturity Date: June 17, 1997
Interest Rate(s)
(Fixed Rate Notes): N/A
Initial Interest Rate
(Floating Rate Notes): 5.60328%
Interest Payment Dates: [ ] June 15 and December 15 of each year.
[X] Other: September 17, 1996 December 17, 1996
March 17, 1997 June 17, 1997
Interest Payment Period: Quarterly
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Record Dates: [X ] Fifteenth calendar day (whether or not a
Business Day) next preceding each Interest Payment Date.
Interest Rate Basis [ ] CMT Rate
(Floating Rate Notes): [ ] Commercial Paper Rate
[ ] Eleventh District Cost of Funds Rate
[ ] Federal Funds Rate
[X] LIBOR Telerate
[ ] LIBOR Reuters
[ ] Prime Rate
[ ] Treasury Rate
[ ] Other:
Interest Calculation
(Floating Rate Notes): [X] Regular Floating Rate Note
[ ] Floating Rate/Fixed Rate Note
Fixed Rate Commencement Date:
Fixed Interest Rate:
[ ] Inverse Floating Rate Note
Fixed Interest Rate:
Index Maturity
(Floating Rate Notes): Three Months
Index Currency
(LIBOR Notes): U.S. Dollar
Designated LIBOR Page
(LIBOR Notes): Telerate Page 3750
Designated CMT Telerate
Page (CMT Rate Notes): N/A
Designated CMT Maturity
Index (CMT Rate Notes): N/A
Spread (Plus or Minus)
(Floating Rate Notes): -0.01%
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Spread Multiplier
(Floating Rate Notes): N/A
Interest Rate Formula
(Floating Rate Notes): Three-month LIBOR minus 0.01%
Interest Reset Dates
(Floating Rate Notes): September 17, 1996 December 17, 1996
March 17, 1997 June 17, 1997
Interest Reset Period: Quarterly
Interest Determination Dates
(Floating Rate Notes): September 13, 1996 December 13, 1996
March 13, 1997 June 13, 1997
Calculation Agent (if other
than the Bank)
(Floating Rate Notes): N/A
Minimum Interest Rate
(Floating Rate Notes): N/A
Maximum Interest Rate
(Floating Rate Notes): N/A
Redemption Date(s): N/A
Initial Redemption Percentage: N/A
Annual Redemption
Percentage Reduction: N/A
Holder's Optional
Repayment Date(s): N/A
Day Count Convention
(Floating Rate Notes): [ ] 30/360 for the period from _____________ to
________________.
[X] Actual/360 for the period from June 17, 1996
to June 17, 1997.
Original Issue
Discount Note: [ ] Yes
[ X] No
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Total Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual
Period: N/A
Default Rate: N/A
Other Provisions: Terms used but not defined in this Pricing
Supplement shall have the meanings specified in the above-referenced
Prospectus Supplement.
