Published on 12/31/2008 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $8.55 million notes linked to Dow Jones - AIG Commodity index
By Angela McDaniels
Tacoma, Wash., Dec. 26 - Bank of America priced $8.55 million of 0% commodity-linked notes due Dec. 28, 2012 linked to the Dow Jones - AIG Commodity index, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 109% of any gain on the index. 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: | Commodity-linked notes
|
| Underlying index: | Dow Jones - AIG Commodity
|
| Amount: | $8,548,000
|
| Maturity: | Dec. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 109% of any index gain; floor of par
|
| Initial index level: | 182.5
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 28
|
| Agents: | Banc of America Securities LLC and Banc of America Investment Services, Inc.
|
| Fees: | 3%
|
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