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8-K - CURRENT REPORT - TELECOM HOLDRS TRUSTss130298_8k-telecom.htm
 

PROSPECTUS SUPPLEMENT
EXHIBIT 99.1
(To Prospectus dated March 15, 2011)
REGISTRATION NO.  333-95807

 

 
1,000,000,000 Depositary Receipts
Telecom HOLDRS (SM) Trust

This prospectus supplement supplements information contained in the prospectus dated March 15, 2011 relating to the sale of up to 1,000,000,000 depositary receipts by the Telecom HOLDRS (SM) Trust.
 
The share amounts specified in the table in the “Highlights of Telecom HOLDRS” section of the base prospectus shall be replaced with the following:
 
Name of Company
 
Ticker
 
Share
Amounts
 
Primary Trading
Market
AT&T Inc.
  T   50.7721    
NYSE
BCE Inc.
 
BCE
  4.5750    
NYSE
CenturyLink, Inc.
 
CTL
  4.2868    
NYSE
Cincinnati Bell Inc.
 
CBB
  2.0000    
NYSE
Frontier Communications Corporation
 
FTR
  5.2232    
NYSE
Level 3 Communications, Inc.1
 
LVLT
  0.2000    
NYSE
Telephone and Data Systems, Inc. Special Common Shares ‘TDS’
 
TDS.S
  1.0000    
NYSE
Sprint Nextel Corporation
  S   16.6050    
NYSE
Telephone and Data Systems, Inc.
 
TDS
  1.0000    
NYSE
Verizon Communications Inc.
 
VZ
  21.7600    
NYSE
Windstream Corporation
 
WIN
  2.0679    
NASDAQ GS
 
(1)  Effective October 20, 2011, the 1-for-15 reverse stock split of Level 3 Communications, Inc., an underlying constituent of the Telecom HOLDRS Trust, became effective.  The quantity of shares of Level 3 Communications, Inc. represented by each 100 share round-lot of Telecom HOLDRS will decrease from 3 shares to 0.2 shares.  As a result, once the split has been effected by the Depository Trust Company, deposits of Level 3 Communications, Inc. for creations of Telecom HOLDRS will decrease from 3 shares to 0.2 shares per round-lot of 100 Telecom HOLDRS.  Also effective October 20, 2011, Level 3 Communications, Inc. will trade on the New York Stock Exchange and the CUSIP will change from 52729N100 to 52729N308.  The ticker of Level 3 Communications, Inc. will remain the same.
 
The share amounts listed in the table above reflect all previous stock splits, dividends and business combination transactions.

The date of this prospectus supplement is October 25, 2011.