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Bank of America, STARS iShares FTSE/Xinhua 25 Index Fund due 6/1/2011
Ticker Symbol: SYP* CUSIP: 060900537 Exchange: NYSEA
* NOTE: This security is no longer trading as of 6/01/2011
QUANTUMONLINE.COM SECURITY DESCRIPTION: Bank of America Corp., STARS (STrategic Accelerated Redemption Securities), linked to the iShares FTSE/Xinhua 25 Index Fund, due 6/1/2011, 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 21.45% per annum if the level of the Fund on any observation date is equal to or greater than the call level of 100% of the starting price of the Fund (starting level $36.04 as of 5/28/2009). The securities are automatically callable at $12.1450 on 6/1/2010, $13.2175 on 11/23/2010 and $14.29 on 5/24/2011. At the maturity date, if the securities have not been called, and the level of the Fund is greater than the threshold level of $32.44 (90% of the starting level), the maturity payment will be the $10 principal value. If, at the maturity date, the Fund 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, page TS-8 for information of the Fund, and page TS-10 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)
IPO - 6/1/2009 - 1.21 Million Units @ $10.00/unit.
Link to IPO Prospectus
Market Value $12.1 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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