Published on 8/10/2007 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $1.2 million 0% return-linked notes linked to index basket
By Susanna Moon
Chicago, Aug. 10 - Bank of America priced a $1.2 million offering of 0% return-linked notes due Aug. 14, 2012 based on the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.
Banc of America Securities LLC and Banc of America Investment Services, Inc. are the agents.
| Issuer: | Bank of America
|
| Issue: | Return-linked notes
|
| Underlying indexes: | Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500, equally weighted
|
| Amount: | $1.2 million
|
| Maturity: | Aug. 14, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 14
|
| Agents: | Banc of America Securities LLC and Banc of America Investment Services, Inc.
|
| Fees: | 3%
|
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