By Marisa Wong
Madison, Wis., Nov. 18 - Bank of America Corp. priced $5 million of floating-rate commodity-linked notes due Dec. 17, 2012 linked to the Dow Jones-UBS Commodity Index Total Return, according to an FWP with the Securities and Exchange Commission.
The coupon is equal to one-month Libor. It will be reset monthly and is payable at maturity.
The notes are putable at any time. They will be called if the index closes at or below 85% of its initial level.
The payout at maturity or upon redemption will be par plus three times the index return, less the Treasury bill yield and an investor fee of 0.35% per year.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Commodity-linked notes
|
| Underlying index: | Dow Jones-UBS Commodity Index Total Return
|
| Amount: | $5 million
|
| Maturity: | Dec. 17, 2012
|
| Coupon: | One-month Libor, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | Par plus three times index return, less T-bill yield and 0.35% per year
|
| Put option: | At any time
|
| Call: | Automatically if index closes at or below 85% of initial level
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 28
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | None
|
| Cusip: | 06048WJQ4
|
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