New Issue: Bank of America sells $67.76 million capped leveraged notes on Dow Jones U.S. Real Estate

By Susanna Moon

Chicago, Jan. 29 - Bank of America Corp. priced $67.76 million of 0% Capped Leveraged Index Return Notes due Feb. 16, 2012 based on the Dow Jones U.S. Real Estate index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 34%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Dow Jones U.S. Real Estate
Amount:	$67.76 million
Maturity:	Feb. 16, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 34%; par if index declines by 20% or less; 1% loss for every 1% drop beyond 20%
Initial index level:	171.36
Threshold level:	137.09, or 80% of initial level
Pricing date:	Jan. 27
Settlement date:	Feb. 4
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%
Cusip:	06052E822

© 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.