US Wrap: Bank of America follows RBC lead to Japan

The note, which will be sold through Merrill Lynch, gives investors 300% participation in the index, up to a cap of between 13 -17% returns in a year and three months. No downside protection is on offer. It is a stark contrast to the issuance of the last week, which was dominated by dozens of reverse convertibles linked to US equity.

Issuer

Product type

Underlying

Pricing date

Maturity date

Bank of America

Accelerated Growth

Nikkei 225

Jul-09

Oct-10

Source: Future Val

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