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Bank of America to price Accelerated Return Notes on Hang Seng China
By Marisa Wong
Madison, Wis., Oct. 2 – Bank of America Corp. plans to price 14-month 0% Accelerated Return Notes due December 2015 linked to the Hang Seng China Enterprises index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 17% to 21%. The exact cap will be set at pricing.
Investors will be exposed to any decline in the index.
The notes will price in October and settle in November.
BofA Merrill Lynch is the underwriter.
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