Published on 11/4/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $15.32 million Accelerated Return Notes linked to indexes
By Susanna Moon
Chicago, Nov. 4 – Bank of America Corp. priced $15.32 million of 0% Accelerated Return Notes due Oct. 27, 2017 linked to a basket comprising the Euro Stoxx 50 index and the JPX-Nikkei Index 400, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 27.45%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying basket: | Euro Stoxx 50 index and the JPX-Nikkei Index 400, equally weighted
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Amount: | $15,320,490
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Maturity: | Oct. 27, 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 basket gain, capped at 27.45%; exposure to any losses
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Initial levels: | 3,413.39 for Euro Stoxx and 13,888.86 for JPX-Nikkei
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Pricing date: | Oct. 29
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Settlement date: | Nov. 6
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06053W854
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