By Susanna Moon
Chicago, Oct. 18 - Bank of America Corp. priced $6.8 million of commodity-linked notes due Nov. 25, 2013 linked to the S&P GSCI Index Total Return, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be one-month Libor, reset monthly and payable at maturity.
The notes are putable, and they will be called if the index closes at or below 85% of its initial level.
The payout at maturity or upon redemption will be par plus triple the index return minus an investor fee of 0.3% per year.
Bank of America Merrill Lynch is the agent.
Issuer: | Bank of America Corp.
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Issue: | Commodity-linked notes
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Underlying index: | S&P GSCI Index Total Return
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Amount: | $6.8 million
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Maturity: | Nov. 25, 2013
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Coupon: | One-month Libor, reset monthly and payable at maturity
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Price: | Par
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Payout at maturity: | Par plus 300% of index return less fee of 0.3% per year
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Put option: | At any time
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Call: | If index closes at or below 85% of initial level
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Pricing date: | Oct. 18
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Settlement date: | Oct. 25
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Agent: | Bank of America Merrill Lynch
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Fees: | None
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Cusip: | TBD
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