NEW YORK - The senior $1 billion class of a $1.051 billion global offering of NationsBank Corp. credit-card-backed securities was priced at 99.7031 to yield 6.61%, 39 basis points above the Treasury's five-year note.

The certificates have an average life of five years and were rated triple-A by Moody's Investors Service Inc. and Standard & Poor's Corp.

The $51.137 million in subordinate Class B certificates were priced at 99.777 to yield 6.77%, 55 basis points above the five-year Treasury. The certificates have an average life of 5.1 years and were rated A2 by Moody's and A by S&P.

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