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Bank of America plans six-year Mitts on S&P 500, MSCI EAFE, MSCI EM
By Marisa Wong
Madison, Wis., June 8 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due June 2017 linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.
The underlying indexes are the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.
The payout at maturity will be par of $10 plus any gain in the basket, subject to a cap of 55% to 65%.
If the basket falls, the payout will be par.
The securities will price in June and settle in July.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
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