By Marisa Wong
Madison, Wis., July 7 - Bank of America Corp. priced $85.81 million of 0% Capped Leveraged Index Return Notes due July 16, 2012 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.
The payout at maturity will be par of $10 plus double any basket gain, subject to a cap of 24.6%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any decline beyond 15%.
The final basket level will be the average of the closing levels on the five consecutive trading days ending July 11, 2012.
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.
| Issuer: | Bank of America Corp.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying indexes: | S&P 500 index (45% weight), MSCI EAFE index (27.5% weight) and MSCI Emerging Markets index (27.5% weight)
|
| Amount: | $85,813,100
|
| Maturity: | July 16, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any basket gain, capped at 24.6%; par if basket falls by up to 15%; and full exposure to losses beyond 15%
|
| Initial levels: | 1,022.58 for S&P 500; 1,347.38 for MSCI EAFE; and 913.55 for MSCI Emerging Markets
|
| Final level: | Average of closing levels on five consecutive trading days ending July 11, 2012
|
| Pricing date: | July 2
|
| Settlement date: | July 12
|
| Agents: | Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co.
|
| Fees: | 2%
|
| Cusip: | 06052K299
|
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