By Marisa Wong
Madison, Wis., Jan. 30 - Bank of America Corp. priced $9.18 million of 0% Market Index Target-Term Securities due Jan. 27, 2017 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index, with a 45% weight, and the MSCI EAFE index and the MSCI Emerging Markets index, each with a 27.5% weight.
The payout at maturity will be par of $10 plus any basket gain, up to a maximum return of 71%.
If the basket falls, the payout will be par.
The final basket level will equal the average of the basket closing levels on the five trading days ending Jan. 24, 2017.
Bank of America Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Market Index Target-Term Securities
|
| Underlying indexes: | S&P 500 index (45% weight), MSCI EAFE index (27.5% weight) and MSCI Emerging Markets index (27.5% weight)
|
| Amount: | $9,180,890
|
| Maturity: | Jan. 27, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 71%; minimum payout of par
|
| Initial levels: | 1,318.43 for S&P 500; 1,505.67 for MSCI EAFE; 1,014.98 for MSCI EM
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 2
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 06051P448
|
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