Published on 2/27/2008 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $4.28 million 0% notes linked to four Asian currencies
By Jennifer Chiou
New York, Feb. 27 - Bank of America priced $4.28 million of 0% notes due Feb. 26, 2010 linked to a basket of four Asian currencies, according to a 424B5 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the South Korean won, the Indian rupee, the Indonesian rupiah and the Singapore dollar, each against the U.S. dollar.
The payout at maturity will be par plus 125% of 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
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Issue: | Unsecured senior notes
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Underlying currencies: | Equal weights of South Korean won, Indian rupee, Indonesian rupiah and Singapore dollar, all against U.S. dollar
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Amount: | $4,275,000
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Maturity: | Feb. 26, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any basket gain; floor of par
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Agents: | Banc of America Securities LLC; Banc of America Investment Services, Inc.
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Fees: | 1.25%
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