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Bank of America plans Mitts linked to Merrill Lynch Commodity eXtra
By Angela McDaniels
Tacoma, Wash., Aug. 29 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due September 2019 linked to the Merrill Lynch Commodity index eXtra - Excess Return, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum return of 55% to 65%. The exact cap will be set at pricing.
If the index return is negative, the payout will be par.
BofA Merrill Lynch is the agent.
The notes will price in September and settle in October.
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