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Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item
Published on 3/16/2012 in the Prospect News Structured Products Daily.

Bank of America calls $7.04 million Stars on Energy Select Sector

By Marisa Wong

Madison, Wis., March 16 - Bank of America Corp. said it will redeem in full its $7,042,540 of outstanding Strategic Accelerated Redemption Securities due Sept. 17, 2012 linked to the Energy Select Sector SPDR fund.

The securities (Cusip: 06051N435) will be redeemed on March 19 at a redemption price of $11.28 per $10.00 principal amount. The redemption price includes a 25.6% annualized call premium.


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