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Bank of America plans capped leveraged index return notes on MSCI EM
By Susanna Moon
Chicago, Oct. 31 - Bank of America Corp. plans to price capped leveraged index return notes due November 2013 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of $13.10 to $13.50 per unit.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
The notes will price and settle in November.
Bank of America Merrill Lynch is the agent.
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