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Bank of America plans Accelerated Return Notes tied to Commodity eXtra
By Susanna Moon
Chicago, Sept. 30 - Bank of America Corp. plans to price 0% Accelerated Return Notes due October 2015 linked to the Merrill Lynch Commodity index eXtra, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12% to 16%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in October.
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