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Bank of America calls $4.27 million Stars tied to Honeywell stock
By Marisa Wong
Madison, Wis., Dec. 24 - Bank of America Corp. said it will redeem in full its $4,272,710 of outstanding Strategic Accelerated Redemption Securities due Aug. 15, 2013 linked to the common stock of Honeywell International Inc.
The securities (Cusip: 06051P836) will be redeemed on Dec. 26 at a redemption price of $11.0845 per $10.00 principal amount. The redemption price includes a 14.46% annualized call premium.
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