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Bank of America plans capped leveraged return notes on natural gas
By Susanna Moon
Chicago, June 19 – Bank of America Corp. plans to price Capped Leveraged Index Return Notes due August 2017 linked to the natural gas futures contract, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum return of 13% to 14%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
BofA Merrill Lynch is the agent.
The notes will price and settle in July.
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