By Susanna Moon
Chicago, May 30 - Bank of America Corp. priced $9.8 million of commodity-linked notes due Dec. 6, 2012 linked to the Dow Jones-UBS Commodity Index Total Return 3 Month Forward, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be one-month Libor plus 30 basis points, reset monthly and payable at maturity.
The notes are putable, and they will be called if the index closes at or below 90% of its initial level.
The payout at maturity or upon redemption will be par plus triple the quantity of the index return minus the Treasury bill yield less an investor fee of 0.24% per year.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Commodity-linked notes
|
| Underlying index: | Dow Jones-UBS Commodity Index Total Return 3 Month Forward
|
| Amount: | $9.8 million
|
| Maturity: | Dec. 6, 2012
|
| Coupon: | One-month Libor plus 30 bps, reset monthly and payable at maturity
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of index return minus T-bill yield less fee of 0.24% per year
|
| Put option: | At any time
|
| Call: | If index closes at or below 90% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | June 5
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | None
|
| Cusip: | 06048WMP2
|
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