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