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BofA plans five-year protected Mitts linked to Rogers commodity index
By Jennifer Chiou
New York, Nov. 9 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due November 2015 linked to the Rogers International Commodity Index Excess Return, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus any index gain, up to a maximum of $14.00 to $14.50 per note. The exact cap will be set at pricing.
Investors will receive at least par.
The notes will price and settle in November.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
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