New Issue: Bank of America prices $28.29 million leveraged notes linked to DJ Global Titans 50

By Toni Weeks

San Diego, May 2 - Bank of America Corp. priced $28.29 million of 0% Leveraged Index Return Notes due April 26, 2013 linked to the Dow Jones Global Titans 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 133% of the index return.

Investors will be fully exposed to losses.

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

Issuer:	Bank of America Corp.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones Global Titans 50 index
Amount:	$28,294,710
Maturity:	April 26, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 1.33 times index return; full exposure to losses
Initial index level:	191.72
Pricing date:	April 28
Settlement date:	May 5
Agent:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06050R379

© 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.