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Pricing Supplement No. 28 dated August 6, 1997 Registration No. 33-52571
(To Prospectus Supplement dated December 16, 1994 Rule 424(b)(3)
and Prospectus dated March 18, 1994)
BANKBOSTON CORPORATION
(formerly known as 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.
DTC CUSIP #: 06420MAY6
Principal Amount: $50,000,000
Issue Date (Settlement Date): August 11, 1997
Stated Maturity Date: August 12, 2002
Issue Price: 99.89213% of Principal Amount
Agent: Merrill Lynch & Co.
Agent's Commission: $53,935
Proceeds to the
Corporation: $49,946,065
Interest Rate(s)
(Fixed Rate Notes): N/A
Initial Interest Rate
(Floating Rate Notes): 5.81875%
Interest Payment Dates: [ ] June 15 and December 15 of each year.
<TABLE>
<S> <C> <C> <C>
[x] Other:
11-12-1997 2-12-1998 5-12-1998 8-12-1998
11-12-1998 2-12-1999 5-12-1999 8-12-1999
11-12-1999 2-14-2000 5-12-2000 8-14-2000
11-13-2000 2-12-2001 5-14-2001 8-13-2001
11-13-2001 2-12-2002 5-13-2002 8-12-2002
</TABLE>
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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): 3 month LIBOR
Index Currency
(LIBOR Notes): U.S. Dollar
Designated LIBOR Page
(LIBOR Notes): Telerate p. 3750
Designated CMT Telerate
Page (CMT Rate Notes): N/A
Designated CMT Maturity
Index (CMT Rate Notes): N/A
Prime Rate Notes
(Floating Rate Notes): N/A
Spread (Plus or Minus)
(Floating Rate Notes): +.10%
Spread Multiplier
(Floating Rate Notes): N/A
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Interest Rate Formula
(Floating Rate Notes): LIBOR + .10%
Interest Reset Dates
(Floating Rate Notes): Quarterly, same as Interest Payment Dates
Interest Determination Dates
(Floating Rate Notes): Two London Business Days Prior to Reset
Dates
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
August 11, 1997 to August 12, 2002.
Original Issue
Discount Note: [ ] Yes
[X] No
Total Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual
Period: N/A
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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.
