By Jennifer Chiou
New York, April 30 - Bank of America Corp. priced $8,743,010 of 0% Leveraged Index Return Notes due April 24, 2015 linked to the Technology Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 141.7% of any index gain.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Technology Select Sector index
|
| Amount: | $8,743,010
|
| Maturity: | April 24, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 141.7% of any index gain; par if index falls by 5% or less; 1% loss per 1% drop beyond 5%
|
| Initial level: | 300.76
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 06051R204
|
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