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Bank of America plans Accelerated Return Notes linked to S&P 500
By Toni Weeks
San Diego, Oct. 5 - Bank of America Corp. plans to price 0% Accelerated Return Notes due January 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 10% to 14%.
Investors will be fully exposed to losses.
The notes are expected to price in October and settle in November.
Bank of America Merrill Lynch will be the agent.
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