Bank of America plans accelerated return notes tied to precious metals

By Susanna Moon

Chicago, Jan. 7 - Bank of America Corp. plans to price 0% Accelerated Return Notes due April 2014 linked to the Merrill Lynch Commodity index eXtra Precious Metals Plus - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum return of 12% to 16%.

Investors will be fully exposed to any losses.

Bank of America Merrill Lynch will be the agent.

The notes are expected to price in January and settle in February.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.