Published on 5/2/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $28.29 million leveraged notes linked to DJ Global Titans 50
By Toni Weeks
San Diego, May 2 - Bank of America Corp. priced $28.29 million of 0% Leveraged Index Return Notes due April 26, 2013 linked to the Dow Jones Global Titans 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 133% of the index return.
Investors will be fully exposed to losses.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
Issuer: | Bank of America Corp.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Dow Jones Global Titans 50 index
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Amount: | $28,294,710
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Maturity: | April 26, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 1.33 times index return; full exposure to losses
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Initial index level: | 191.72
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Pricing date: | April 28
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Settlement date: | May 5
|
Agent: | Merrill Lynch, Pierce, Fenner & Smith Inc.
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Fees: | 2%
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Cusip: | 06050R379
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