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Bank of America plans Accelerated Return Notes due 2015 on S&P 500
By Susanna Moon
Chicago, April 1 - Bank of America Corp. plans to price 0% Accelerated Return Notes due April 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 14% to 18%.
Investors will be exposed to any losses.
The exact deal terms will be set at pricing.
BofA Merrill Lynch is the agent.
The notes will price in April and settle in May.
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