By Susanna Moon
Chicago, Dec. 16 - Bank of America Corp. priced $3.5 million of floating-rate commodity-linked notes due Jan. 30, 2013 based on the Dow Jones-UBS Commodity Index Total Return 3 Month Forward, according to an FWP filing 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 payout at maturity or upon redemption will be par plus triple the sum of the index return minus the Treasury bill yield minus a fee of 0.26% per year.
The notes are putable, and they will be called if the index closes at or below 85% of its initial level.
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 3 Month Forward
|
| Amount: | $3.5 million
|
| Maturity: | Jan. 30, 2013
|
| Coupon: | One-month Libor, reset monthly and payable at maturity
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of sum of index return minus T-bill yield less fee of 0.26% per year
|
| Put option: | At any time
|
| Call: | If index closes at or below 85% of initial level
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 23
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | None
|
| Cusip: | 06048WJX9
|
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