E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/23/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $9.67 million Accelerated Return Notes tied to MSCI EAFE

By Marisa Wong

Madison, Wis., Nov. 23 - Bank of America Corp. priced $9.67 million of 0% Accelerated Return Notes due Jan. 25, 2013 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $13.615 per note.

Investors will be exposed to any losses.

Bank of America Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:MSCI EAFE index
Amount:$9,673,430
Maturity:Jan. 25, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus triple any index gain, return capped at 36.15%; full exposure to losses
Initial level:1,356.86
Pricing date:Nov 22
Settlement date:Nov. 30
Agent:Bank of America Merrill Lynch
Fees:2%
Cusip:06051P190

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.