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Bank of America plans Accelerated Return Notes tied to Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 25 – Bank of America Corp. plans to price 0% Accelerated Return Notes due April 2016 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 plus 300% of any index gain, capped at 14% to 18%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price in February and settle in March.
BofA Merrill Lynch is the agent.
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