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Bank of America plans Leveraged Index Return Notes tied to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., Feb. 27 – Bank of America Corp. plans to price capped Leveraged Index Return Notes due March 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 200% of any index gain, subject to a maximum return of 14% to 18% that will be determined at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are expected to price in March and settle in April.
BofA Merrill Lynch is the agent.
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