By Angela McDaniels
Tacoma, Wash., Oct. 29 - Bank of America Corp. priced $5 million of 0% Minimum Return Equity Appreciation Growth Linked Securities due Oct. 31, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the compounded value of the returns on the exchange-traded fund's shares during the 20 three-month periods making up the life of the notes. The return in each period will be capped at 11%, and the minimum payout at maturity will be par plus 5%.
Banc of America Securities LLC and Bank of America Investment Services, Inc. are the agents.
| Issuer: | Bank of America Corp.
|
| Issue: | Minimum Return Equity Appreciation Growth Linked Securities
|
| Underlying ETF: | iShares MSCI EAFE index fund
|
| Amount: | $5 million
|
| Maturity: | Oct. 31, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the compounded value of the fund returns during the 20 three-month periods making up the life of the notes; return capped at 11% in each period; floor of par plus 5% at maturity
|
| Initial share price: | $42.68
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| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Agents: | Banc of America Securities LLC and Bank of America Investment Services, Inc.
|
| Fees: | 3%
|
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