The new Bank of America preferred won't be on the OTC for long:
Bank of America (BAC) priced an offering of $700 million worth of new Series SS non-cumulative preferred stock, offering a fixed dividend rate of 4.75%. The new shares were rated by all three of Moody’s, S&P, and Fitch, at Baa3, BBB-, and BBB+ respectively. Trading will take place temporarily on the OTC under the symbol (BACXL), before moving to permanent symbol BAC-S on the New York Stock Exchange where it will join BAC’s many other preferreds, including the 4.25% Series QQ (BAC-Q) which was issued back in October, and the 4.125% Series PP (BAC-P) which was issued a year ago.