New Issue: Bank of America prices $5.86 million Accelerated Return Notes tied to Brent crude oil

By Toni Weeks

San Luis Obispo, Calif., May 2 - Bank of America Corp. priced $5.86 million of 0% Accelerated Return Notes due May 19, 2014 linked to the Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the Brent crude contract price, capped at 20.25%.

Investors will be fully exposed to losses.

BofA Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying commodity:	Brent crude oil futures contract
Amount:	$5,862,160
Maturity:	May 19, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any gain in the Brent crude price, capped at 20.25%; exposure to losses
Initial price:	$102.37
Pricing date:	April 30
Settlement date:	May 3
Agent:	Bank of America Merrill Lynch
Fees:	1.75%
Cusip:	06053E730

© 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.