Published on 10/28/2002 in the Prospect News Convertibles Daily.
New Issue: Bank of America issues $13.75 million 0% notes exchangeable for biotech HOLDRS
New York, Oct. 28 - Bank of America Corp. priced $13.75 million principal amount 0% senior notes exchangeable into Biotech HOLDRS, according to a filing with the Securities and Exchange Commission.
| Issuer: | Bank of America Corp.
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| Issue: | Exchangeable senior medium-term notes
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| Amount: | $13.75 million (face), $13.026 million (proceeds)
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| Maturity: | March 1, 2007
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| Coupon: | 0%
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| Price: | 94.733
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| Yield: | 1.25%
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| Exchange ratio: | 6.7782 Biotech HOLDRS ("BBH" on American Stock Exchange)
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| Payout at maturity: | Greater of par or value if exchanged in cash
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| Call: | March 1, 2005 onwards
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| Selling agent: | Banc of America Securities
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| Pricing date: | Oct. 24
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| Settlement: | Oct. 29
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| Cusip: | 060505AT1
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