Published on 4/12/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $3.96 million Accelerated Return Notes on Dell
By Jennifer Chiou
New York, April 12 - Bank of America Corp. priced $3.96 million of 0% Accelerated Return Notes due June 15, 2012 linked to Dell, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in Dell stock, subject to a cap of 24.46%.
Investors will be exposed to any losses.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
Issuer: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
|
Underlying stock: | Dell, Inc. (Symbol: DELL)
|
Amount: | $3,958,500
|
Maturity: | June 15, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any basket gain, capped at 24.46%; exposure to any basket decline
|
Initial price: | $14.70
|
Pricing date: | April 8
|
Settlement date: | April 12
|
Agent: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
Fees: | 2%
|
Cusip: | 06050R445
|
© 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.