By Susanna Moon
Chicago, April 1 - Bank of America Corp. priced $20.24 million of 0% Accelerated Return Notes due May 23, 2014 tied to an a basket of three equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group, Inc.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 20.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying basket: | Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group, Inc. (NYSE: GS)
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Amount: | $20,244,290
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Maturity: | May 23, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of basket gain, capped at 20.5%; exposure to any losses
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Pricing date: | March 28
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Settlement date: | April 5
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06053E557
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