By Susanna Moon
Chicago, Aug. 2 - Bank of America Corp. priced $104.76 million of 0% Capped Leveraged Index Return Notes due July 27, 2012 based on a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.
The payout at maturity will be par of $10 plus double any basket gain, up to a cap of $12.08 per note.
Investors will receive par if the basket falls by up to 15% and will be exposed to any decline beyond 15%.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying indexes: | S&P 500 index (45% weight), MSCI EAFE index (27.5% weight) and MSCI Emerging Markets index (27.5% weight)
|
| Amount: | $104,764,720
|
| Maturity: | July 27, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 20.8%; exposure to losses beyond 15%
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 5
|
| Agent: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Fees: | 2%
|
| Cusip: | 06052K497
|
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