Published on 9/15/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $15.7 million Accelerated Return Notes on Rogers Commodity
By Susanna Moon
Chicago, Sept. 15 - Bank of America Corp. priced $15.7 million of 0% Accelerated Return Notes due Nov. 27, 2012 linked to the Rogers International Commodity Index-Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $12.175 per note.
Investors will be exposed to any losses.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Rogers International Commodity Index-Excess Return
|
| Amount: | $15,695,620
|
| Maturity: | Nov. 27, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 21.75%; exposure to any losses
|
| Initial level: | 2,934.53
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 16
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06051N419
|
© 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.
