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Bank of America to price leveraged notes linked to MSCI India index
By Angela McDaniels
Tacoma, Wash., April 16 - Bank of America Corp. plans to price 0% notes due April 2016 linked to the MSCI India index, 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 1.75 times the index return, subject to a maximum return that is expected to be 28% to 32% and will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.
BofA Merrill Lynch is the agent.
The notes will price in April and settle in May.
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