Bank of America(logo)
100 North Tryon Street
Charlotte, NC 28255
Tel 704.386.5000
Pricing Supplement No. 0246 Dated February 7, 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
Due Nine Months or More From Date of Issue
Principal Amount: $ 25,000,000.00
Issue Price: 100.00% $ 25,000,000.00
Commission or Discount: 1.55% $ 387,500.00
Proceeds to Corporation: 98.45% $ 24,612,500.00
Agent: Merrill Lynch & Co., as Principal (1)
Original Issue Date: February 23, 2000
Stated Maturity Date: February 23, 2015
Cusip #: 06050N-AQ-8
Form: Book-entry only
Interest Rate: 8.00% per annum
Interest Payment Dates: The 23rd of each month commencing March 23, 2000
Discount Note? No
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 February 23, 2003 and on
any Interest Payment Date occurring in February or August thereafter at a
redemption price equal to 100% of the principal amount of the Notes, plus
acrued 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
(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.
