Published on 7/2/2012 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $14.44 million Mitts due 2018 linked to the Dow
By Susanna Moon
Chicago, July 2 - Bank of America Corp. priced $14.44 million of 0% Market Index Target-Term Securities due June 29, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.102 times any index gain.
If the index falls, the payout will be par.
Bank of America Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Market Index Target-Term Securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $14,444,560
|
| Maturity: | June 29, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 110.2% of any index gain; floor of par
|
| Initial index level: | 12,602.26
|
| Pricing date: | June 28
|
| Settlement date: | July 6
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 06051R345
|
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