Professional Documents
Culture Documents
of Swiss Shares
Terms & Conditions as of 15 February 2012
The security described herein (the Securities or Certificates) are collateralised in accordance with the terms and
conditions of the SIX Swiss Exchange Framework Agreement for Collateral Secured Instruments. Detailed information
regarding the collateralisation can be found in the section: "Information about Collateralisation" below.
This document does not constitute a simplified prospectus pursuant to Article 5 of the Federal Act on Collective Investment
Schemes. Until the terms are final, they are indicative and may, therefore, be amended. The information contained in this
document is of summary nature.
We make no representation and have given you no advice concerning the appropriate accounting treatment or possible tax
consequences of this indicative transaction.
The terms outlined herein represent only a summary of the terms and conditions of the Securities which are issued by Merrill
Lynch Capital Markets AG under a prospectus consisting of an offering circular and integrated final terms (together the
Prospectus) and guaranteed by Bank of America Corporation. The complete and legally binding terms and conditions of
the Securities are set forth in the Prospectus which may be obtained directly from Merrill Lynch Capital Markets AG,
Stockerstrasse 23, 8002 Zurich, Switzerland.
Capitalised terms not defined herein shall have the meaning ascribed to them in the Prospectus.
INVESTING IN THE SECURITIES PUTS YOUR CAPITAL AT RISK. YOU MAY LOSE SOME OR ALL OF YOUR
INVESTMENT.
This communication is furnished at the request of the recipient for the exclusive purpose of identifying the Securities or other
instrument referred to herein. It is furnished for your private information with the express understanding, which recipient
acknowledges, that it does not constitute an offer of such security or a means by which such security may be offered or sold.
Any written offer of such security may be made only by means of an offering document and any related supplements
thereto.
The Securities described herein are not for sale in the United States or to U.S. persons and this communication may not be
distributed in the United States.
No prospectus as defined in the EU Prospectus Directive 2003/71/EC (Prospectus Directive) will be prepared in
connection with the Securities. Accordingly, the Securities may not be offered to the public in any European Economic Area
(EEA) member state and any purchaser of the Securities who subsequently sells any of the Securities in any EEA member
state must do so only in accordance with the requirements of the Prospectus Directive as implemented in that member
state.
In Switzerland, these Securities constitute structured products within the meaning of the Swiss Federal Act on
Collective Investment Schemes (the CISA), as amended, and therefore do not qualify as a unit of a collective
investment scheme according to the relevant provisions of CISA and are not subject to registration or supervision
by the Swiss Financial Market Supervisory Authority FINMA. Accordingly, investors do not have the benefit of the
specific investor protection provided under the CISA and are exposed to the credit risk of the Issuer and the
Guarantor.
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1. Product Description
Product Category: 1300, according to the Swiss Derivative Map- www.svsp-verband.ch
The Securities are linked to the price movements of the basket of Underlying Shares.
The Securities are not principal protected.
GENERAL TERMS
Merrill Lynch Capital Markets AG, Stockerhof, Stockerstrasse 23, 8002
Zurich, Switzerland.
Bank of America Corporation (a Delaware (U.S.A.) Corporation) with
headquarters and principal place of business located at 100 North
Tryon Street, Charlotte, North Carolina 28255, United States of
America.
Long term senior unsecured debt rating: S&P A- (Outlook: Negative),
Moodys Baa1 (Outlook: Negative), Fitch A (Outlook: Stable).
Merrill Lynch Capital Markets AG, Stockerhof, Stockerstrasse 23, 8002
Zurich, Switzerland.
Merrill Lynch International, 2 King Edward St
London, EC1A 1HQ, United Kingdom.
Issuer:
Guarantor:
Lead Manager:
Calculation Agent:
TIMETABLE
Subscription Period:
Reference Pricing Date:
Not Applicable
February 15, 2012
Launch Date:
Issue Date:
Valuation Date:
Settlement Date:
SPECIFIC TERMS
Security Codes:
Basket of Underlying
Shares
(the Basket)
Symbol: MLSWB
Valor: 14936009
ISIN: CH0149360098
Initial
Weight
in %
Underlying
Shares and
Relevant
Exchange
Bloomberg
Ticker
ISIN Code
Number of
Shares
Local
Currency
15.32
SYNGENTA AG
NAMEN-AKT.
SYNN
CH0011037469
0.052632
CHF
3.21
BALOISEHOLDING AG
BALN
CH0012410517
0.043684
CHF
2
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BUCHER
INDUSTRIES AG
NAMEN-AKT.
BUCN
CH0002432174
0.012105
CHF
6.54
KUEHNE +
NAGEL
INTERNATIONAL
AG NAMEN-AK
KNIN
CH0025238863
0.052632
CHF
1.58
PARTNERS
GROUP
HOLDING AG
NAMEN-AKT.
PGHN
CH0024608827
0.009211
CHF
1.22
SCHINDLER
HOLDING AG
NAMEN-AKT.
SCHN
CH0024638212
0.011316
CHF
1.59
SCHINDLER
HOLDING AG
PARTIZIPSCH.
SCHP
CH0024638196
0.014737
CHF
1.99
STRAUMANN
HOLDING AG
NAMEN-AKT.
STMN
CH0012280076
0.012105
CHF
3.18
SULZER AG
NAMEN-AKT.
SUN
CH0038388911
0.026316
CHF
15.59
THE SWATCH
GROUP AG AKT.
UHR
CH0012255151
0.037895
CHF
47.41
NESTLE
NESN
CH0038863350
0.868421
CHF
If =
( (wi * P ))
n
wi
Pi T
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Style:
European
ADDITIONAL PROVISIONS
Secondary Market:
Valuation:
Governing Law:
Place of Jurisdiction:
Listing:
SIX Stop Trading:
Clearing:
Automatic Exercise:
Minimum Trade Size:
Minimum Exercise Number:
Form of Securities:
Business Day Centre(s):
Reg S / 144A:
QUOTES / INFORMATION
RAM ID:
SCER12.CERT
Reuters:
CH014936009=MERL
Swiss Derivatives:
www.merrillinvest.ml.com
Unforeseen changes to the terms and conditions of the Securities
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Source of Information:
which were not agreed contractually, but which arise during the
Securities term will be announced on this website.
The term sheet can be obtained free of charge at the above Postal
Address.
SUPERVISION
Merrill Lynch Capital Markets
AG:
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Investors are exposed to the credit risk of the Issuer and Guarantor.
The Securities represent general contractual, unsubordinated
obligations of the Issuer and rank at least pari passu with all other
unsecured, unsubordinated obligations of the Issuer, save for
obligations preferred by operation of law.
The Securities value is dependent not only on the performance of the
Underlying Shares, but, among others, also on the solvency of the
Issuer and the credit rating and solvency of the Guarantor, which may
be negatively affected during the term of the Securities. The Issuer
does not have a credit rating.
Any real or anticipated changes in the Guarantor's credit ratings may
affect the trading value of the Securities. The indicated credit ratings of
the Guarantor are correct as at the Trade Date. The Guarantors credit
ratings reflect the independent opinion of the relevant rating agencies
as to the Guarantors ability to pay its obligations. Credit ratings are
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