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Bank of America to price Eagles linked to Nasdaq 100
By Laura Lutz
Des Moines, April 30 - Bank of America plans to price senior notes structured as Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles) due May 25, 2012 linked to the Nasdaq 100 index, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will price and settle in May.
The payout at maturity will be par plus the return on the index during each of the 20 three-month periods making up the life of the notes. The return in each period will be capped at between 6% and 8%, with the exact cap to be determined at pricing. The minimum payout at maturity will be par plus 5%.
Banc of America Securities LLC and Banc of America Investment Services Inc. will be the agents.
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