New Issue: Bank of America prices $14.05 million Accelerated Return Notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – Bank of America Corp. priced $14.05 million of 0% Accelerated Return Notes due Dec. 22, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 16.63%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$14,052,440
Maturity:	Dec. 22, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 16.63%; exposure to any basket decline
Initial levels:	3,085.17 for Euro Stoxx 50, 6,986.57 for FTSE 100, 17,336.42 for Nikkei, 7,924.39 for Swiss Market, 5,295.545 for S&P/ASX 200, 23,132.35 for Hang Seng
Final index levels:	For each index, average of its closing levels on five trading days ending Dec. 19, 2017
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06054B594

© 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.