Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for gold > News item |
Bank of America plans capped Leveraged Index Return Notes tied to gold
By Susanna Moon
Chicago, April 4 - Bank of America Corp. plans to price capped Leveraged Index Return Notes due May 2014 linked to the spot price of gold, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in the price of gold, up to a maximum return of $11.70 to $12.10 per note. The exact cap will be set at pricing.
Investors will receive par if the price falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are expected to price in April and settle in May.
Bank of America Merrill Lynch is the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.