By Jennifer Chiou
New York, Dec. 3 - Bank of America Corp. priced $5 million of commodity-linked notes due Jan. 9, 2015 tied to the Merrill Lynch Commodity index eXtra J-Series F3 Total Return index, according to an FWP with the Securities and Exchange Commission.
Interest will accrue at one-month Libor.
If the index return is positive, the payout at maturity will be par plus 300% of the index return.
The starting value and further payout terms were not specified in the FWP.
The notes have a lower mandatory redemption trigger level of 85% of the starting value.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Commodity-linked notes
|
| Underlying index: | Merrill Lynch Commodity index eXtra J-Series F3 Total Return
|
| Amount: | $5 million
|
| Maturity: | Jan. 9, 2015
|
| Coupon: | One-month Libor
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 300% of index return
|
| Call: | At anytime, lower mandatory redemption trigger level of 85% of the starting value
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 9
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | None
|
| Cusip: | 06048WPH7
|
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