Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for silver > News item |
Bank of America plans 0% Accelerated Return Notes linked to silver
By Susanna Moon
Chicago, Jan. 30 - Bank of America Corp. plans to price 0% Accelerated Return Notes due May 2013 linked to the silver spot price, 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 price of silver, up to a maximum payment of $11.80 to $12.20 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Bank of America Merrill Lynch is the underwriter.
The notes will price in February and settle in March.
© 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.