By Marisa Wong
Milwaukee, Aug. 31 - Bank of America Corp. priced $5.85 million of 0% Capped Leveraged Index Return Notes due June 29, 2012 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.
The payout at maturity will be par of $10 plus double any basket gain, subject to a cap of 23.25%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any decline beyond 10%.
The final basket level will be the average of the closing levels on the five consecutive trading days ending June 26, 2012.
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.
| Issuer: | Bank of America Corp.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying indexes: | S&P 500 index (33.34% weight), Euro Stoxx 50 index (33.33% weight) and Nikkei 225 index (33.33% weight)
|
| Amount: | $5,848,580
|
| Maturity: | June 29, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any basket gain, capped at 23.25%; par if basket falls by up to 10%; and full exposure to losses beyond 10%
|
| Initial levels: | 1,073.69 for S&P 500; 2,645.32 for Euro Stoxx 50; and 9,928.34 for Nikkei 225
|
| Final level: | Average of closing levels on five consecutive trading days ending June 26, 2012
|
| Pricing date: | June 24
|
| Settlement date: | July 2
|
| Agents: | Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co.
|
| Fees: | 2%
|
| Cusip: | 06052K224
|
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