Published on 3/29/2010 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $30.35 million Mitts linked to Dow Jones - UBS Commodity
By Marisa Wong
Milwaukee, March 29 - Bank of America Corp. priced $30.35 million of 0% Market Index Target-Term Securities due March 31, 2015 linked to the Dow Jones - UBS Commodity Index - Excess Return, according to a 424B2 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 of 108.5%.
Investors will receive at least par.
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.
Issuer: | Bank of America Corp.
|
Issue: | Market Index Target-Term Securities
|
Underlying index: | Dow Jones - UBS Commodity Index - Excess Return
|
Amount: | $30,351,810
|
Maturity: | March 31, 2015
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus any index gain; cap of 108.5%, floor of par
|
Initial index level: | 129.8026
|
Pricing date: | March 25
|
Settlement date: | April 6
|
Underwriters: | Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
|
Fees: | 2.5%
|
Cusip: | 06052H411
|
© 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.