New Issue: Bank of America sells $17.71 million capped floaters linked to Libor

By Susanna Moon

Chicago, Aug. 3 - Bank of America Corp. priced $17.71 million of capped floating-rate notes with a minimum coupon due Aug. 4, 2017 linked to the three-month Libor rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will accrue interest at 150% of three-month Libor, up to maximum rate of 9% and with a minimum rate of 2.69%. Interest will be payable quarterly.

The payout at maturity will be par.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Capped floating-rate notes with minimum coupon
Underlying rates:	Three-month Libor
Amount:	$17,709,000
Maturity:	Aug. 4, 2017
Coupon:	150% of three-month Libor, capped at 9% and floor of 2.69%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	July 30
Settlement date:	Aug. 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.25%
Cusip:	06048WDB3

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