Published on 10/1/2012 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $47.13 million capped leveraged return notes linked to Euro Stoxx
By Susanna Moon
Chicago, Oct. 1 - Bank of America Corp. priced $47.13 million of 0% Capped Leveraged Index Return Notes due Sept. 26, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 41.2%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Bank of America Merrill Lynch is the agent.
Issuer: | Bank of America Corp.
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $47,132,320
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Maturity: | Sept. 26, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, return capped at 41.2%; par if index falls by up to 10%; exposure to losses beyond 10%
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Initial level: | 2,506.06
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Threshold level: | 2,255.45, 90% of initial price
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Pricing date: | Sept. 27
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Settlement date: | Oct. 4
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Agent: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 06053D401
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