E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/25/2007 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $15.55 million Eagles linked to Euro Stoxx 50, Nikkei 225

By Angela McDaniels

Seattle, Sept. 25 - Bank of America priced $15.55 million of 0% Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles) due Sept. 29, 2010 linked to an equally weighted basket containing the Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return on the basket during each of the 12 three-month periods making up the life of the notes. The return in each period will be capped at 6.5%, and the minimum payout at maturity will be par plus 3%.

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

Issuer:Bank of America
Issue:Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles)
Underlying indexes:Dow Jones Euro Stoxx 50 and, Nikkei 225, equally weighted
Amount:$15.55 million
Maturity:Sept. 29, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus basket return in 12 three-month periods, with a maximum gain of 6.5% in each period; floor of par plus 3%
Initial index levels:4,360.63 for Euro Stoxx 50; 16,312.61 for Nikkei 225
Pricing date:Sept. 24
Settlement date:Sept. 27
Agents:Banc of America Securities LLC, Banc of America Investment Services, Inc.
Fees:2.25%

© 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.