Published on 2/18/2015 in the Prospect News Structured Products Daily.
New Issue: BofA prices $50.41 million Leveraged Index Return Notes on Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 18 – Bank of America Corp. priced $50,405,000 of 0% Leveraged Index Return Notes due Aug. 12, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 120.9% of any index gain.
Investors will share in any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $50,405,000
|
| Maturity: | Aug. 12, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 120.9% of any index gain; exposure to losses
|
| Initial index level: | 3,417.61
|
| Final index level: | Average of index's closing levels on five trading days ending Aug. 9, 2016
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 20
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06053M856
|
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