By Susanna Moon
Chicago, May 29 - Bank of America Corp. priced $12.93 million of 0% Accelerated Return Notes due July 26, 2013 linked to a basket of three stocks, according to a 424B2 with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 40.2%.
Investors will be exposed to any losses.
Bank of America Merrill Lynch will be the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying stocks: | Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC)
|
| Amount: | $12,928,910
|
| Maturity: | July 26, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 40.2%; exposure to any losses
|
| Pricing date: | May 24
|
| Settlement date: | June 1
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06051R261
|
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