Pricing Supplement No. 0251 Dated March 22, 2000 Rule 424(b)(2)
(To Prospectus dated May 21, 1998 and File number: 333-51367
Prospectus Supplement dated November 16, 1998)
Subordinated Medium-Term Notes, Series H
Principal Amount: $ 20,000,000.00
Issue Price: 100.000% $ 20,000,000.00
Commission or Discount: 1.500% $ 300,000.00
Proceeds to Corporation 98.500% $ 19,700,000.00
Agent: Merrill Lynch & Co., as Principal (1)
Original Issue Date: March 30, 2000
Stated Maturity Date: March 30, 2010
Cusip #: 06050NAS4
Form: Book entry only
Interest Rate: 7.50% per annum
Interest Payment Dates: The 30th of each month commencing April 30, 2000
May the Notes be redeemed by the corporation prior to maturity? Yes (See below)
The notes will be subject to redemption at the option of the Corporation, in
whole, on the Interest Payment Date occurring March 30, 2004 and on any Interest
Payment Date occurring in March or September thereafter at a redemption price
equal to 100% of the principal amount of the Notes, plus accrued interest
thereon, if any, upon at least 30 calendar days prior notice to the NoteHolder
and the Trustee, as described in the Prospectus Supplement.
May the Notes be repaid prior to maturity at the option of the holder? No
Discount Note? No
(1): Notes purchased by the Agent as principal may be resold to investors and
other purchasers at varying prices relating to prevailing market prices at the
time of resale as determined by Merrill Lynch & Co.
