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Bank of America, STARS S&P 500 Index due 3/30/2012
Ticker Symbol: ADF** CUSIP: 06052H395 Exchange: NYSEA
* NOTE: This security is no longer trading as of 3/28/2011
QUANTUMONLINE.COM SECURITY DESCRIPTION: Bank of America Corp., STARS (STrategic Accelerated Redemption Securities), linked to the S&P 500 Index, due 3/30/2012, and issued at $10 per unit. The notes will receive no payments before maturity and make no guarantee of the return of principal at maturity. The securities will be automatically called on any of the three observation dates at a call premium of 7.00% per annum if the level of the Index on any observation date is equal to or greater than the call level of 100% of the starting level of the Index (starting level 1,145.61 as of 3/10/2010). The securities are automatically callable at $10.70 on 3/21/2011, $11.05 on 9/23/2011 and $11.40 on 3/23/2012. At the maturity date, if the securities have not been called, and the level of the index is greater than the threshold level of 1,031.05 (90% of the starting level), the maturity payment will be the $10 principal value. If, at the maturity date, the index level is less than the threshold level, the holder will receive a payment based on the percentage change in the level of the index less 10%. As a result, the maturity payment may be less, and possibly significantly less, than the $10 offering price with 90% of the principal at risk. See page TS-2 of the prospectus for further details on the maturity payment calculation method, page TS-3 for hypothetical calculations of potential maturity payments, and page TS-11 for information on the tax considerations of the notes. The STARS are senior unsecured debt securities issued by Bank of America Corp. and will rank equally with their other unsecured and unsubordinated debt. See the IPO prospectus for further information on the Accelerated Return Notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
Notes: This security has been called for redemption on 3/28/2011 per the NYSE on 3/22/2011.
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IPO - 3/12/2010 - 3.05 Million Units @ $10.00/unit.
Link to IPO Prospectus
Market Value $30.5 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 100 N. Tryon Street, Charlotte, NC 28255 |
Main Phone Number |
704-386-5681 |
Fax Number |
980-386-6699 |
Investor Contact
Kevin Stitt
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212-449-3008
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Toll Free Phone Number |
800-299-2265 |
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