By Susanna Moon
Chicago, May 24 - Bank of America Corp. priced $5.04 million of 0% Capped Leveraged Index Return Notes due May 28, 2013 linked to Eastman Chemical Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in Eastman Chemical shares, up to a maximum payout of $13.062 per note.
Investors will receive par if Eastman Chemical shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying stock: | Eastman Chemical Co. (NYSE: EMN)
|
| Amount: | $5,035,950
|
| Maturity: | May 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any gain in Eastman Chemical shares, capped at 30.62%; 1% loss for every 1% drop beyond 10%
|
| Initial share price: | $103.51
|
| Pricing date: | May 20
|
| Settlement date: | May 27
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06050R668
|
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