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Bank of America to price Mitts linked to Dow Jones - UBS Commodity
By Angela McDaniels
Tacoma, Wash., June 24 - Bank of America Corp. plans to price four-year 0% Market Index Target-Term Securities linked to the Dow Jones - UBS Commodity Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus any index gain, subject to a maximum return that is expected to be 85% to 105% and will be set at pricing. Investors will receive at least par.
The notes will price in July or August.
Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc. are the agents.
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