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Bank of America plans capped leveraged notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 6 - Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due September 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any increase in the index, subject to a maximum return of 37% to 41% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes will price in September and settle in October.
Bank of America Merrill Lynch is the agent.
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