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Bank of America plans Accelerated Return Notes tied to S&P MidCap 400
By Susanna Moon
Chicago, May 13 – Bank of America Corp. plans to price 0% Accelerated Return Notes due July 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 10% to 14%.The exact cap will be set at pricing.
Investors will be exposed to any losses.
Bank of America Merrill Lynch is the agent.
The notes will price in May and settle in June.
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