EXHIBIT 99
Term Sheets
BACM 2005-3
Settlement Date: 7/13/2005
Approximate
Initial
Pass-
Certificate Approximate Through Weighted Assumed
Balance or Percentage Approximate Rate as Average Final Principal Principal
S&P Moody's Notional of Pool Credit of Delivery Life Distribution Start End
Class Ratings(1) Amount(2) Balance Support Rate Type Date (years)(3) Date(3) Window Window
====================================================================================================================================
Offered Certificates
A-1 AAA Aaa 62,100,000 2.874% 30.000% Fixed (4) % (4) 2.53 December 10, 2009 1 53
A-2 AAA Aaa 505,650,000 23.398% 30.000% Fixed (4) % (4) 4.80 July 10, 2010 54 60
A-3A AAA Aaa 279,216,000 12.920% 30.000% Fixed (4) % (4) 6.69 June 10, 2012 78 83
A-3B AAA Aaa 132,000,000 6.108% 30.000% Fixed (4) % (4) 6.99 July 10, 2012 83 84
A-SB AAA Aaa 70,865,000 3.279% 30.000% Fixed (4) % (4) 6.91 September 10, 2014 53 110
A-4 AAA Aaa 462,900,000 21.420% 30.000% Fixed (4) % (4) 9.62 June 10, 2015 110 119
A-M AAA Aaa 216,104,000 10.000% 20.000% Fixed (4) % (4) 9.91 June 10, 2015 119 119
A-J AAA Aaa 132,364,000 6.125% 13.875% Fixed (4) % (4) 9.91 June 10, 2015 119 119
XP AAA Aaa TBD (6) N/A N/A Variable Rate(6) %)(6) (6) N/A N/A
B AA+ Aa1 24,312,000 1.125% 12.750% Fixed (4) % (4) 9.91 June 10, 2015 119 119
C AA Aa2 24,311,000 1.125% 11.625% Fixed (4) % (4) 9.91 June 10, 2015 119 119
D AA- Aa3 21,611,000 1.000% 10.625% Fixed (4) % (4) 9.91 June 10, 2015 119 119
E A A2 37,818,000 1.750% 8.875% Fixed (4) % (4) 9.91 June 10, 2015 119 119
- ------------------------------------------------------------------------------------------------------------------------------------
Private Certificates - Not Offered Hereby(5)
- ------------------------------------------------------------------------------------------------------------------------------------
F A- A3 21,611,000 1.000% 7.875% Fixed (4) % (4) 9.91 June 10, 2015 119 119
G BBB+ Baa1 29,714,000 1.375% 6.500% Fixed (4) % (4) 9.91 June 10, 2015 119 119
H BBB Baa2 27,013,000 1.250% 5.250% Fixed (4) % (4) 9.99 July 10, 2015 119 120
J BBB- Baa3 27,013,000 1.250% 4.000% Fixed (4) % (4) 9.99 July 10, 2015 120 120
K BB+ Ba1 13,507,000 0.625% 3.375% Fixed (4) % (4) 9.99 July 10, 2015 120 120
L BB Ba2 10,805,000 0.500% 2.875% Fixed (4) % (4) 9.99 July 10, 2015 120 120
M BB- Ba3 10,805,000 0.500% 2.375% Fixed (4) % (4) 9.99 July 10, 2015 120 120
N B+ UR 5,403,000 0.250% 2.125% Fixed (4) % (4) 9.99 July 10, 2015 120 120
O B UR 8,104,000 0.375% 1.750% Fixed (4) % (4) 10.95 August 10, 2019 120 169
P B- UR 8,103,000 0.375% 1.375% Fixed (4) % (4) 14.08 August 10, 2019 169 169
Q UR UR 29,715,349 1.375% 0.000% Fixed (4) % (4) 14.08 August 10, 2019 169 169
XC AAA Aaa 2,161,044,349 N/A N/A Variable Rate(7) % (7) (7) N/A N/A
- ------------------------------------------------------------------------------------------------------------------------------------
(1) Ratings shown are those of Standard & Poor's Ratings Services, a division
of The McGraw-Hill Companies, Inc., and Moody's Investors Services, Inc.,
respectively.
(2) As of the delivery date. Subject to a variance of plus or minus 5%.
(3) Based on the maturity assumptions (as defined under "Yield and Maturity
Considerations" in this prospectus supplement). As of the delivery date,
calculations for the certificates assume no prepayments will be made on
the mortgage loans prior to their related maturity dates (or, in the case
of the mortgage loan with an anticipated repayment date, the related
anticipated repayment date).
(4) The Class A-1, Class A-2, Class A-3A, Class A-3B, Class A-SB, Class A-4,
Class A-M, Class A-J, Class B, Class C, Class D, Class E, Class F, Class
G, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P
and Class Q Certificates will each accrue interest as either (i) a fixed
rate, (ii) a fixed rate subject to a cap at the weighted average of the
net mortgage loans, (iii) a fixed rate subject to a cap at the weighted
average of the net mortgage loans less a specified percentage or (iv) a
rate equal to the weighted average of the net mortgage interest rate of
the mortgage loans.
(5) Not offered by this prospectus supplement. Any information we provide
herein regarding the terms of these certificates is provided only to
enhance your understanding of the offered certificates.
(6) The Class XP Certificates will not have a certificate balance and their
holders will not receive distributions of principal, but such holders are
entitled to receive payments of the aggregate interest accrued on the
notional amount of the Class XP Certificates, as described in this
prospectus supplement. The interest rate applicable to the Class XP
Certificates for each distribution date will be as described in this
prospectus supplement. See "Description of the Certificates--Pass-Through
Rates" in this prospectus supplement.
(7) The Class XC Certificates are not offered by this prospectus supplement.
Any information we provide herein regarding the terms of these
certificates is provided only to enhance your understanding of the offered
certificates. The Class XC Certificates will not have certificate balances
and their holders will not receive distributions of principal, but such
holders are entitled to receive payments of the aggregate interest accrued
on the notional amount of the Class XC Certificates, as the case may be,
as described in this prospectus supplement. The interest rates applicable
to the Class XC Certificates for each distribution date will be as
described in this prospectus supplement. See "Description of the
Certificates - Pass-Through Rates" in this prospectus supplement.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is not soliciting any action based upon it. This material is
not to be construed as an offer to sell or the solicitation of any offer to buy
any security in any jurisdiction where such an offer or solicitation would be
illegal. This material is based on information that the Underwriter considers
reliable, but the Underwriter does not represent that it is accurate or complete
and it should not be relied upon as such. By accepting this material the
recipient agrees that it will not distribute or provide the material to any
other person. The information contained in this material may pertain to
securities that ultimately are not sold. The information contained in this
material may be based on assumptions regarding market conditions and other
matters as reflected herein. The Underwriter makes no representation regarding
the reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied upon for such purposes. The Underwriter and its
affiliates, directors, partners and employees, including persons involved in the
preparation or issuance of this material may, from time to time, have long or
short positions in, and buy and sell, the securities mentioned therein or
derivatives thereof (including options). This material may be filed with the
Securities and Exchange Commission (the "SEC") and incorporated by reference
into an effective registration statement previously filed with the SEC under
Rule 415 of the Securities Act of 1933, including all cases where the material
does not pertain to securities that are ultimately offered for sale pursuant to
such registration statement. Information contained in this material is current
as of the date appearing in this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded in its entirety by the information contained in
any final prospectus and prospectus supplement for any securities actually sold
to you, which you should read before making any investment decision. This
material is furnished solely by the Underwriter and not by the issuer of the
securities. The issuer of the securities has not prepared, reviewed or
participated in the preparation of this material, is not responsible for the
accuracy of this material and has not authorized the dissemination of this
material. The Underwriter is acting as Underwriter and not acting as agent for
the issuer in connection with the proposed transaction.
1 2 3 4
- ------------------------------------------------------------------------------------------------------------------------------------
Cut-Off Period 1-6 Period 7-12 Period 13-18 Period 19-24
Class Rating Balance PAC IO Notional PAC IO Notional PAC IO Notional PAC IO Notional
- ------------------------------------------------------------------------------------------------------------------------------------
A1-A NA - - - - -
A-1 AAA/Aaa 62,100,000.00 58,273,000.00 53,313,000.00 11,265,000.00 -
A-2 AAA/Aaa 505,650,000.00 505,650,000.00 505,650,000.00 505,650,000.00 468,141,000.00
A-3A AAA/Aaa 279,216,000.00 279,216,000.00 279,216,000.00 279,216,000.00 279,216,000.00
A-3B AAA/Aaa 132,000,000.00 132,000,000.00 132,000,000.00 132,000,000.00 132,000,000.00
A-SB AAA/Aaa 70,865,000.00 70,865,000.00 70,865,000.00 70,865,000.00 70,865,000.00
A-4 AAA/Aaa 462,900,000.00 462,900,000.00 462,900,000.00 462,900,000.00 462,900,000.00
A-M AAA/Aaa 216,104,000.00 216,104,000.00 216,104,000.00 216,104,000.00 216,104,000.00
A-J AAA/Aaa 132,364,000.00 132,364,000.00 132,364,000.00 132,364,000.00 132,364,000.00
B AA+ / Aa1 24,312,000.00 24,312,000.00 24,312,000.00 24,312,000.00 24,312,000.00
C AA / Aa2 24,311,000.00 24,311,000.00 24,311,000.00 24,311,000.00 24,311,000.00
D AA- / Aa3 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00
E A / A2 37,818,000.00 37,818,000.00 37,818,000.00 37,818,000.00 37,818,000.00
F A- / A3 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00
G BBB+ / Baa1 29,714,000.00 29,714,000.00 29,714,000.00 29,714,000.00 29,714,000.00
H BBB / Baa2 27,013,000.00 27,013,000.00 27,013,000.00 27,013,000.00 27,013,000.00
J BBB- / Baa3 27,013,000.00 27,013,000.00 27,013,000.00 27,013,000.00 27,013,000.00
K BB+ / Ba1 13,507,000.00 13,507,000.00 13,507,000.00 13,507,000.00 13,507,000.00
L BB / Ba2 10,805,000.00 10,805,000.00 10,805,000.00 10,805,000.00 10,805,000.00
M BB- / Ba3 10,805,000.00 10,805,000.00 10,805,000.00 10,805,000.00 10,805,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total 2,109,719,000.00 2,105,892,000.00 2,100,932,000.00 2,058,884,000.00 2,010,110,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
5 6 7 8 9
- ------------------------------------------------------------------------------------------------------------------------------------
Period 25-30 Period 31-36 Period 37-42 Period 43-48 Period 49-54
Class PAC IO Notional PAC IO Notional PAC IO Notional PAC IO Notional PAC IO Notional
- ------------------------------------------------------------------------------------------------------------------------------------
A1-A - - - - -
A-1 - - - - -
A-2 420,608,000.00 374,445,000.00 328,482,000.00 283,740,000.00 91,651,000.00
A-3A 279,216,000.00 279,216,000.00 279,216,000.00 279,216,000.00 279,216,000.00
A-3B 132,000,000.00 132,000,000.00 132,000,000.00 132,000,000.00 132,000,000.00
A-SB 70,865,000.00 70,865,000.00 70,865,000.00 70,865,000.00 70,651,000.00
A-4 462,900,000.00 462,900,000.00 462,900,000.00 462,900,000.00 462,900,000.00
A-M 216,104,000.00 216,104,000.00 216,104,000.00 216,104,000.00 216,104,000.00
A-J 132,364,000.00 132,364,000.00 132,364,000.00 132,364,000.00 132,364,000.00
B 24,312,000.00 24,312,000.00 24,312,000.00 24,312,000.00 24,312,000.00
C 24,311,000.00 24,311,000.00 24,311,000.00 24,311,000.00 24,311,000.00
D 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00
E 37,818,000.00 37,818,000.00 37,818,000.00 37,818,000.00 37,818,000.00
F 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00
G 29,714,000.00 29,714,000.00 29,714,000.00 29,714,000.00 29,714,000.00
H 27,013,000.00 27,013,000.00 27,013,000.00 27,013,000.00 19,683,000.00
J 27,013,000.00 27,013,000.00 25,118,000.00 8,608,000.00 -
K 13,507,000.00 13,507,000.00 - - -
L 10,805,000.00 1,695,000.00 - - -
M 8,589,000.00 - - - -
- ------------------------------------------------------------------------------------------------------------------------------------
Total 1,960,361,000.00 1,896,499,000.00 1,833,439,000.00 1,772,187,000.00 1,563,946,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
10 11 12 13 14
- ------------------------------------------------------------------------------------------------------------------------------------
Period 55-60 Period 61-66 Period 67-72 Period 73-78 Period 79-84
Class PAC IO Notional PAC IO Notional PAC IO Notional PAC IO Notional PAC IO Notional
- ------------------------------------------------------------------------------------------------------------------------------------
A1-A - - - - -
A-1 - - - - -
A-2 - - - - -
A-3A 88,658,000.00 63,763,000.00 42,223,000.00 - -
A-3B 132,000,000.00 132,000,000.00 132,000,000.00 - -
A-SB 69,451,000.00 62,345,000.00 46,315,000.00 31,916,000.00 -
A-4 462,900,000.00 462,900,000.00 462,900,000.00 462,900,000.00 341,103,000.00
A-M 216,104,000.00 216,104,000.00 216,104,000.00 216,104,000.00 216,104,000.00
A-J 132,364,000.00 132,364,000.00 132,364,000.00 132,364,000.00 132,364,000.00
B 24,312,000.00 24,312,000.00 24,312,000.00 24,312,000.00 24,312,000.00
C 24,311,000.00 24,311,000.00 24,311,000.00 24,311,000.00 24,311,000.00
D 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00
E 37,818,000.00 37,818,000.00 37,818,000.00 37,818,000.00 37,818,000.00
F 21,611,000.00 21,611,000.00 21,611,000.00 21,611,000.00 16,789,000.00
G 29,714,000.00 24,319,000.00 14,063,000.00 4,238,000.00 -
H 5,277,000.00 - - - -
J - - - - -
K - - - - -
L - - - - -
M - - - - -
- ------------------------------------------------------------------------------------------------------------------------------------
Total 1,266,131,000.00 1,223,458,000.00 1,175,632,000.00 977,185,000.00 814,412,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
15 16
- -----------------------------------------------
Period 85-90 Period 91-96
Class PAC IO Notional PAC IO Notional
- -----------------------------------------------
A1-A - -
A-1 - -
A-2 - -
A-3A - -
A-3B - -
A-SB - -
A-4 - -
A-M - -
A-J - -
B - -
C - -
D - -
E - -
F - -
G - -
H - -
J - -
K - -
L - -
M - -
- -----------------------------------------------
Total - -
- -----------------------------------------------
PAC IO Scheduled
Payment Date Period WAC
7/1/2005 0
------------------------------
8/1/2005 1 5.310600%
9/1/2005 2 5.309500%
10/1/2005 3 5.146100%
11/1/2005 4 5.309400%
12/1/2005 5 5.146100%
1/1/2006 6 5.146100%
2/1/2006 7 5.146000%
3/1/2006 8 5.146200%
4/1/2006 9 5.309200%
5/1/2006 10 5.145900%
6/1/2006 11 5.309200%
7/1/2006 12 5.145900%
8/1/2006 13 5.309100%
9/1/2006 14 5.309100%
10/1/2006 15 5.145800%
11/1/2006 16 5.309000%
12/1/2006 17 5.145700%
1/1/2007 18 5.145700%
2/1/2007 19 5.146400%
3/1/2007 20 5.146800%
4/1/2007 21 5.309500%
5/1/2007 22 5.146100%
6/1/2007 23 5.309300%
7/1/2007 24 5.146000%
8/1/2007 25 5.309100%
9/1/2007 26 5.309000%
10/1/2007 27 5.145700%
11/1/2007 28 5.308800%
12/1/2007 29 5.145500%
1/1/2008 30 5.308600%
2/1/2008 31 5.145300%
3/1/2008 32 5.146000%
4/1/2008 33 5.308300%
5/1/2008 34 5.145000%
6/1/2008 35 5.308100%
7/1/2008 36 5.144800%
8/1/2008 37 5.307800%
9/1/2008 38 5.307700%
10/1/2008 39 5.144500%
11/1/2008 40 5.307500%
12/1/2008 41 5.144200%
1/1/2009 42 5.144100%
2/1/2009 43 5.144000%
3/1/2009 44 5.145500%
4/1/2009 45 5.306900%
5/1/2009 46 5.143700%
6/1/2009 47 5.306700%
7/1/2009 48 5.143500%
8/1/2009 49 5.306500%
9/1/2009 50 5.306400%
10/1/2009 51 5.143200%
11/1/2009 52 5.307700%
12/1/2009 53 5.144600%
1/1/2010 54 5.144500%
2/1/2010 55 5.129900%
3/1/2010 56 5.130300%
4/1/2010 57 5.293700%
5/1/2010 58 5.162800%
6/1/2010 59 5.309600%
7/1/2010 60 5.146700%
8/1/2010 61 5.319800%
9/1/2010 62 5.319600%
10/1/2010 63 5.146300%
11/1/2010 64 5.319300%
12/1/2010 65 5.146000%
1/1/2011 66 5.145900%
2/1/2011 67 5.145700%
3/1/2011 68 5.146100%
4/1/2011 69 5.318800%
5/1/2011 70 5.145400%
6/1/2011 71 5.318500%
7/1/2011 72 5.145200%
8/1/2011 73 5.318200%
9/1/2011 74 5.318000%
10/1/2011 75 5.144700%
11/1/2011 76 5.315500%
12/1/2011 77 5.164300%
1/1/2012 78 5.338000%
2/1/2012 79 5.163200%
3/1/2012 80 5.163200%
4/1/2012 81 5.336600%
5/1/2012 82 5.193900%
6/1/2012 83 5.360500%
7/1/2012 84 5.187900%
----------------------------
Period Balance
0 70,865,000.00
1 70,865,000.00
2 70,865,000.00
3 70,865,000.00
4 70,865,000.00
5 70,865,000.00
6 70,865,000.00
7 70,865,000.00
8 70,865,000.00
9 70,865,000.00
10 70,865,000.00
11 70,865,000.00
12 70,865,000.00
13 70,865,000.00
14 70,865,000.00
15 70,865,000.00
16 70,865,000.00
17 70,865,000.00
18 70,865,000.00
19 70,865,000.00
20 70,865,000.00
21 70,865,000.00
22 70,865,000.00
23 70,865,000.00
24 70,865,000.00
25 70,865,000.00
26 70,865,000.00
27 70,865,000.00
28 70,865,000.00
29 70,865,000.00
30 70,865,000.00
31 70,865,000.00
32 70,865,000.00
33 70,865,000.00
34 70,865,000.00
35 70,865,000.00
36 70,865,000.00
37 70,865,000.00
38 70,865,000.00
39 70,865,000.00
40 70,865,000.00
41 70,865,000.00
42 70,865,000.00
43 70,865,000.00
44 70,865,000.00
45 70,865,000.00
46 70,865,000.00
47 70,865,000.00
48 70,865,000.00
49 70,865,000.00
50 70,865,000.00
51 70,865,000.00
52 70,865,000.00
53 70,651,473.25
54 70,451,473.22
55 70,251,473.22
56 70,051,473.22
57 69,851,473.22
58 69,651,473.22
59 69,451,473.22
60 69,216,796.31
61 67,909,183.14
62 66,595,455.33
63 65,140,294.15
64 63,813,612.65
65 62,345,856.76
66 61,006,101.60
67 59,660,080.86
68 57,905,034.86
69 56,544,494.84
70 46,363,818.74
71 44,989,891.38
72 43,476,198.95
73 42,088,760.25
74 40,694,832.00
75 39,161,692.98
76 37,754,068.16
77 36,207,612.12
78 36,007,612.12
79 35,807,612.12
80 35,607,612.12
81 35,407,612.12
82 35,207,612.12
83 35,007,612.12
84 34,807,066.98
85 33,559,967.90
86 32,307,020.24
87 30,941,369.99
88 29,676,136.42
89 28,298,540.56
90 27,020,906.93
91 25,737,280.87
92 24,130,137.66
93 22,832,938.09
94 21,424,261.63
95 20,114,364.93
96 18,693,343.02
97 17,370,631.17
98 16,041,714.49
99 14,602,199.45
100 13,260,290.91
101 11,808,143.86
102 10,453,122.72
103 9,091,744.52
104 7,414,042.68
105 6,038,392.14
106 4,553,437.66
107 3,164,360.87
108 1,666,352.01
109 263,724.18
110 -
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is not soliciting any action based upon it. This material is
not to be construed as an offer to sell or the solicitation of any offer to buy
any security in any jurisdiction where such an offer or solicitation would be
illegal. This material is based on information that the Underwriter considers
reliable, but the Underwriter does not represent that it is accurate or complete
and it should not be relied upon as such. By accepting this material the
recipient agrees that it will not distribute or provide the material to any
other person. The information contained in this material may pertain to
securities that ultimately are not sold. The information contained in this
material may be based on assumptions regarding market conditions and other
matters as reflected herein. The Underwriter makes no representation regarding
the reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied upon for such purposes. The Underwriter and its
affiliates, directors, partners and employees, including persons involved in the
preparation or issuance of this material may, from time to time, have long or
short positions in, and buy and sell, the securities mentioned therein or
derivatives thereof (including options). This material may be filed with the
Securities and Exchange Commission (the "SEC") and incorporated by reference
into an effective registration statement previously filed with the SEC under
Rule 415 of the Securities Act of 1933, including all cases where the material
does not pertain to securities that are ultimately offered for sale pursuant to
such registration statement. Information contained in this material is current
as of the date appearing in this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded in its entirety by the information contained in
any final prospectus and prospectus supplement for any securities actually sold
to you, which you should read before making any investment decision. This
material is furnished solely by the Underwriter and not by the issuer of the
securities. The issuer of the securities has not prepared, reviewed or
participated in the preparation of this material, is not responsible for the
accuracy of this material and has not authorized the dissemination of this
material. The Underwriter is acting as Underwriter and not acting as agent for
the issuer in connection with the proposed transaction.