By Toni Weeks
San Diego, Jan. 31 - Bank of America Corp. priced $44.32 million 0% Leveraged Index Return Notes due Jan. 25, 2013 linked to the Dow Jones Global Titans 50 Index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index multiplied by a participation rate of 138%.
Investors will be exposed to any losses.
Merrill Lynch & Co. is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying asset: | Dow Jones Global Titans 50 index
|
| Amount: | $44,324,420
|
| Maturity: | Jan. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any gain in the index multiplied by a participation rate of 138%; 1% loss for every 1% decline in the index
|
| Initial index level: | 184.30
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 4
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Cusip: | 06052R567
|
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