Bank of America plans 0% notes linked to currency basket

By Susanna Moon

Chicago, Dec. 3 - Bank of America plans to price 0% notes due Nov. 30, 2009 linked to an equally weighted currency basket, according to a 424B5 filing with the Securities and Exchange Commission.

The basket consists of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi, all against the U.S. dollar.

The payout at maturity will be par plus at least 100% of any basket gain, with the exact participation rate to be set at pricing. Investors will receive at least par.

The notes are expected to price on Dec. 20 and settle on Dec. 28.

Banc of America Securities LLC and Banc of America Investment Services, Inc. are the agents.

© 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.