By Toni Weeks
San Diego, May 2 - Bank of America Corp. priced $13.22 million Leveraged Index Return Notes due April 26, 2013 linked to a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the MSCI Singapore Free index and the MSCI Taiwan index.
The payout at maturity will be par of $10.00 plus any gain in the basket multiplied by a participation rate of 141%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.
Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying indexes: | MSCI Singapore Free index and MSCI Taiwan index
|
| Amount: | $13,219,690
|
| Maturity: | April 26, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 141% times any gain in the basket; par if basket falls by up to 10%, exposure to losses beyond 10%
|
| Initial price: | Par of $10.00
|
| Pricing date: | April 28
|
| Settlement date: | May 5
|
| Agent: | Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06050R387
|
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