By Angela McDaniels
Tacoma, Wash., May 31 - Bank of America Corp. priced $19.04 million of callable Libor range accrual notes due June 3, 2026 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 6.33% per year multiplied by the proportion of days on which six-month Libor is 6% or less. Interest is payable quarterly.
The payout at maturity will be par.
Beginning June 3, 2013, the notes will be callable at par on any interest payment date.
Bank of America Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Callable Libor range accrual notes
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Amount: | $19,041,000
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Maturity: | June 3, 2026
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Coupon: | 6.33% per year multiplied by proportion of days on which six-month Libor is 6% or less; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on interest payment dates from June 3, 2013 onward
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Pricing date: | May 26
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Settlement date: | June 3
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2.5%
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Cusip: | 06048WGD6
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