Published on 5/31/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $25.63 million Mitts linked to Dow Jones-UBS Commodity Index
By Toni Weeks
San Diego, May 31 - Bank of America Corp. priced $25.63 million of 0% Market Index Target-Term Securities due June 1, 2016 linked to 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 plus any index gain, subject to a cap of 46.5%.
Investors will receive a minimum of par should the index fall.
Bank of America Merrill Lynch is the agent.
Issuer: | Bank of America Corp.
|
Issue: | Market Index Target-Term Securities
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Underlying index: | Dow Jones-UBS Commodity Index-Excess Return
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Amount: | $25,625,940
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Maturity: | June 1, 2016
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus index gain, capped at 46.5%; floor of par
|
Initial level: | 163.4876
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Pricing date: | May 26
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Settlement date: | June 3
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Agent: | Bank of America Merrill Lynch
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Fees: | 2.5%
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Cusip: | 06050R585
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