424B3 1 ss93552_424b3-telecom.htm PROSPECTUS SUPPLEMENT

PROSPECTUS SUPPLEMENT
REGISTRATION NO.  333-95807
(To Prospectus dated March 11, 2009)
Filed Pursuant to Rule 424(b)(3)
 

 

 
1,000,000,000 Depositary Receipts
Telecom HOLDRS (SM) Trust
 
This prospectus supplement supplements information contained in the prospectus dated March 11, 2009 relating to the sale of up to 1,000,000,000 depositary receipts by the Telecom HOLDRS 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
  2.1374  
NYSE
Cincinnati Bell Inc.
 
CBB
  2.0000  
NYSE
Frontier Communications Corporation(1)
 
FTR
  5.17888  
NYSE
Level 3 Communications, Inc.
 
LVLT
  3.0000  
NASDAQ GS
Qwest Communications International Inc.
  Q   12.9173  
NYSE
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.(1)
 
VZ
  21.7600  
NYSE
Windstream Corporation
 
WIN
  2.0679  
NASDAQ GS

____________________________________
(1) As a result of the spin-off of Frontier Communications Corporation from Verizon Communications Inc., a component of the Telecom HOLDRS Trust, Frontier Communications Corporation will be added as an underlying security of the Telecom HOLDRS Trust effective July 8, 2010.  Shareholders of Verizon Communications Inc. will receive 0.238 shares of Frontier Communications Corporation.  The Bank of New York Mellon will receive 5.17888 shares of Frontier Communications Corporation for the 21.76 shares of Verizon Communications Inc. per 100 share round-lot of Telecom HOLDRS.  Effective July 8, 2010, 5.17888 shares of Frontier Communications Corporation will be required for creations/cancellations per 100 share round-lot of Telecom HOLDRS.


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 June 11, 2010.