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Bank of America, Cap Lever Index Return Notes S&P 500 Index due 3/30/2012
Ticker Symbol: LDX* CUSIP: 06052H122 Exchange: NYSEA
* NOTE: This security is no longer trading as of 4/10/2012
QUANTUMONLINE.COM SECURITY DESCRIPTION: Bank of America Corp., Capped Leveraged Index Return Notes 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, are not redeemable prior to maturity, and make no guarantee of the return of principal at maturity. At maturity the holder will receive a payment based on the percentage change in the S&P 500 Index, starting value 1,167.72 as of 3/24/2010. If the Index has increased, the maturity payment will be based on double the percentage increase in the index, up to a maximum total payment of $12.052 per note or 20.52% over the starting price. If the ending value of the S&P 500 Index is less than its starting value but greater than than the threshold value of 1.050.95 (90% of its starting value), the maturity payment will be $10 per note. If the ending value of the S&P 500 Index is less than 90% of its starting value, the maturity payment will be $10 minus $10 times the index's percentage decrease plus 10%. As a result, the maturity payment may be less, and possibly significantly less, than the $10 offering price with up to 90% of the principal at risk. See page TS-2 of the prospectus for further details on the maturity payment calculations, page TS-3 for hypothetical examples of the maturity payment, and page TS-10 for a discussion of the tax considerations of the notes. The notes are senior unsecured debt securities issued by Bank of America Corp. and rank equally with all of their other unsecured and unsubordinated debt of the company. See the IPO prospectus for further information on the notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 3/26/2010 - 4.50 Million Units @ $10.00/unit.
Link to IPO Prospectus
Market Value $45.0 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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