| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank of America Corp. > News item |
Bank of America plans to sell two-year Stars linked to S&P 500 index
By Susanna Moon
Chicago, Dec. 22 - Bank of America Corp. plans to price 0% Strategic Accelerated Redemption Securities due January 2012 based on the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at a premium of 7% to 11% per year if the index closes at or above its initial level on any of three semiannual observation dates.
If the notes are not called, investors will be exposed to any losses.
The notes will price in January and settle in February.
The exact deal terms will be set at pricing.
The issuer may apply to list the notes on NYSE Arca under the symbol "SYO."
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.