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Bank of America plans Mitts linked to Dow Jones - UBS Commodity
By Susanna Moon
Chicago, Jan. 27 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due February 2017 linked to the Dow Jones - UBS Commodity Index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 45% to 55%. The exact cap will be set at pricing.
If the index falls, the payout will be par.
The notes are expected to price in February and settle in March.
Bank of America Merrill Lynch is the underwriter.
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