By Angela McDaniels
Tacoma, Wash., Aug. 6 – Bank of America Corp. priced $5.22 million of 0% Accelerated Return Notes due Oct. 14, 2016 linked to the Merrill Lynch Commodity Index eXtra Precious Metals Plus - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 12.72%. If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying index: | Merrill Lynch Commodity index eXtra Precious Metals Plus – Excess Return
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Amount: | $5.22 million
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Maturity: | Oct. 14, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 12.72%; exposure to any index decline
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Initial index level: | 212.6215
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Pricing date: | Aug. 4
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Settlement date: | Aug. 10
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06053W599
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