Published on 2/28/2008 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $14.16 million notes linked to Dow Jones - AIG Commodity index
By Jennifer Chiou
New York, Feb. 28 - Bank of America priced $14.16 million of 0% commodity-linked notes due Aug. 23, 2013 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 102% 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
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Issue: | Commodity-linked notes
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Underlying index: | Dow Jones - AIG Commodity
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Amount: | $14,163,000
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Maturity: | Aug. 23, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 102% of any index gain; floor of par
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Initial index level: | 211.1
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Pricing date: | Feb. 26
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Settlement date: | Feb. 28
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Agents: | Banc of America Securities LLC and Banc of America Investment Services, Inc.
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Fees: | 3%
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