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Bank of America plans Accelerated Return Notes on Merrill Lynch Commodity index eXtra
By Jennifer Chiou
New York, Jan. 7 – Bank of America Corp. plans to price 0% Accelerated Return Notes due January 2017 linked to the Merrill Lynch Commodity index eXtra Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 20% to 24%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price in January and settle in February.
BofA Merrill Lynch is the agent.
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