Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Bank of America Sells Biggest Note Tied to MidCap Index in 2012

Bank of America Corp. sold $23.8 million of 14-month notes tied to the Standard & Poor’s MidCap 400 Index, the largest offering linked to the benchmark in more than a year.

The securities, issued Nov. 29, yield three times the gains of the index up to 14.7 percent with no protection against losses, according to a prospectus filed with the U.S. Securities and Exchange Commission. Investors can lose all of their investment if the index plummets. The bank distributed the notes for a 2 percent fee.

Matt Card, a spokesman for Bank of America, declined to comment on the offering.

The S&P MidCap 400 Index, which comprises the stocks of 400 U.S. companies with market capitalization of $1 billion to $4.4 billion, gained 14 percent this year to 999.8 as of closing yesterday. The broader Standard & Poor’s 500 Index rose 12 percent this year to 1,409.3.

Royal Bank of Canada had the biggest previous offering on Sept. 29 of last year, $24.4 million of 14-month notes that yielded three times the index’s gains, capped at 26.34 percent with no loss protection, according to a prospectus filed with the SEC.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.