E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/28/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $15.41 million leveraged notes linked to Dow Jones Global Titans 50

By Angela McDaniels

Tacoma, Wash., Feb. 28 - Bank of America Corp. priced $15.41 million 0% Leveraged Index Return Notes due Feb. 22, 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 of $10 plus 133.02% of any gain in the index. Investors will be exposed to any decline in the index.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

Issuer:Bank of America Corp.
Issue:Leveraged Index Return Notes
Underlying index:Dow Jones Global Titans 50 index
Amount:$15,408,630
Maturity:Feb. 22, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 133.02% of any gain in the index; 1% loss for every 1% decline in the index
Initial index level:184.94
Pricing date:Feb. 24
Settlement date:March 4
Underwriter:Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:2%
Cusip:06052R864

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.