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 6/28/2010 in the Prospect News Structured Products Daily.

New Issue: Bank of America sells $15.32 million Mitts on Dow Jones - UBS Commodity

By Susanna Moon

Chicago, June 28 - Bank of America Corp. priced $15.32 million of 0% Market Index Target-Term Securities due June 30, 2015 based on the Dow Jones - UBS Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus any index gain, up to a maximum payout of $19.50 per note.

Investors will receive at least par.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones - UBS Commodity Index - Excess Return
Amount:$15,323,610
Maturity:June 30, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus any index gain, capped at 95%; floor of par
Initial index level:127.1069
Pricing date:June 24
Settlement date:July 2
Underwriters:Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:2.5%
Cusip:06052K257

© 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.