Published on 3/31/2014 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $11.33 million Mitts linked to Dow Jones - UBS Commodity
By Angela McDaniels
Tacoma, Wash., March 31 - Bank of America Corp. priced $11.33 million of 0% Market Index Target-Term Securities due April 3, 2020 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 of $10 plus the index return, subject to a minimum payout of par and a maximum return of 76%.
BofA Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Market Index Target-Term Securities
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Underlying index: | Dow Jones - UBS Commodity Index - Excess Return
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Amount: | $11,331,070
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Maturity: | April 3, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus index return, subject to minimum payout of par and maximum return of 76%
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Initial index level: | 134.61
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Pricing date: | March 27
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Settlement date: | April 3
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Underwriter: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 06053G784
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