Published on 2/1/2016 in the Prospect News Structured Products Daily.
New Issue: BofA prices $86.04 million Accelerated Return Notes tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Bank of America Corp. priced $86.04 million of Accelerated Return Notes due March 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index return, capped at 20.46%.
Investors will be fully exposed to any decline in the index.
Merrill Lynch & Co. is the agent.
Issuer: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $86,044,170
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Maturity: | March 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, subject to 20.46% maximum return; exposure to any index decline
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Initial index level: | 2,979.42
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Pricing date: | Jan. 28
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Settlement date: | Feb. 4
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06053Y488
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