New Issue: Bank of America prices $10.3 million Accelerated Return Notes linked to Euro Stoxx

New York, Dec. 23 – Bank of America Corp. priced $10.3 million of 0% Accelerated Return Notes due Feb. 26, 2016 tied to the Euro Stoxx 50 Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 17.1%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	Euro Stoxx 50 Index
Amount:	$10,301,450
Maturity:	Feb. 26, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 17.1%; 1% loss for every 1% decline
Initial index level:	3,141.28
Pricing date:	Dec. 19
Settlement date:	Jan. 5, 2015
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	06053M765

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.