Published on 8/20/2004 in the Prospect News Convertibles Daily.
New Issue: Bank of America prices $10 million 11.3% notes exchangeable for Flextronics
New York, Aug. 20 - Bank of America priced $10 million 11.3% one-year notes mandatorily exchangeable for Flextronics International Ltd. common stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Bank of America
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| Issue: | Mandatorily exchangeable senior medium-term notes
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| Underlying stock: | Flextronics International Ltd.
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| Amount: | $10 million
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| Maturity: | Aug. 26, 2005
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| Coupon: | 11.3%, payable quarterly
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| Price: | Par
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| Payout at maturity: | 90.2739 shares of Flextronics stock, with value capped at $13.8468 per share, 25% above initial price level of $11.0774
|
| Exchange price: | $11.0774
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| Exchange ratio: | 90.2739
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 25
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| Agent: | Banc of America Securities LLC
|
| Distribution: | Off shelf
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