By Angela McDaniels
Tacoma, Wash., Dec. 8 - Bank of America Corp. priced $6.79 million of 0% Currency Market Index Target-Term Securities due Dec. 9, 2011 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Indian rupee with a 33.34% weight, the Brazilian real with a 33.33% weight and the Chinese renminbi with a 33.33% weight.
The payout at maturity will be par of $10 plus 122% of any basket gain. Investors will be exposed to any basket decline, subject to a maximum loss of 10%.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Currency Market Index Target-Term Securities
|
| Underlying currencies: | Indian rupee (33.34% weight), Brazilian real (33.33% weight) and Chinese renminbi (33.33% weight)
|
| Amount: | $6.79 million
|
| Maturity: | Dec. 9, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 122% of any basket gain; exposure to any basket decline, subject to minimum payout of 90% of par
|
| Initial exchange rates: | 1.7131 reais per dollar; 6.8272 renminbi per dollar; 46.25 rupees per dollar
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 11
|
| Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Fees: | None
|
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