Published on 9/15/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $20.1 million Accelerated Return Notes linked to agriculture index
By Angela McDaniels
Tacoma, Wash., Sept. 15 - Bank of America Corp. priced $20.1 million of 0% Accelerated Return Notes due Sept. 24, 2013 linked to the Dow Jones - UBS Agriculture Subindex - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the index, subject to a maximum return of 47.4%. Investors will be fully exposed to any decline in the index.
Bank of America Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
|
Underlying index: | Dow Jones - UBS Agriculture Subindex - Excess Return
|
Amount: | $20,103,170
|
Maturity: | Sept. 24, 2013
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any index gain, up to maximum return of 47.4%; full exposure to any index decline
|
Initial index level: | 90.0149
|
Pricing date: | Sept. 13
|
Settlement date: | Sept. 16
|
Underwriter: | Bank of America Merrill Lynch
|
Fees: | 2%
|
Cusip: | 06051N450
|
© 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.