Published on 11/28/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $10.08 million four-year Mitts linked to gold
New York, Nov. 28 - Bank of America Corp. priced $10.08 million of 0% Market Index Target-Term Securities due Dec. 2, 2015 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the price of gold, subject to a cap of 95%.
Investors will receive par should the gold price fall.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Market Index Target-Term Securities
|
| Underlying commodity: | Gold
|
| Amount: | $10,077,890
|
| Maturity: | Dec. 2, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any increase in gold spot price, capped at 95%; if price falls, par
|
| Initial price: | $1,699.00
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 06051N880
|
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