By Susanna Moon
Chicago, June 28 - Bank of America Corp. priced $20.97 million of 0% Accelerated Return Notes due June 26, 2015 linked to a basket of equally weighted three stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are BB&T Corp., KeyCorp and Regions Financial Corp.
The payout at maturity will be par of $10 plus triple any gain in the basket, up to a maximum return of 40.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying stocks: | BB&T Corp. (NYSE: BBT), KeyCorp (NYSE: KEY) and Regions Financial Corp. (NYSE: RF)
|
| Amount: | $20,967,970
|
| Maturity: | June 26, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any gain in the basket, capped at 40.5%; exposure to any losses
|
| Pricing date: | June 26
|
| Settlement date: | July 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06053F182
|
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