Published on 10/1/2013 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $19.8 million Leveraged Index Return Notes on index basket
By Marisa Wong
Madison, Wis., Oct. 1 - Bank of America Corp. priced $19.8 million of 0% Leveraged Index Return Notes due Sept. 23, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index, the Euro Stoxx index and the MSCI Emerging Markets index, equally weighted.
The payout at maturity will be par of $10 plus 163.1% of any basket gain.
Investors will share in any losses.
BofA Merrill Lynch is the agent.
Issuer: | Bank of America Corp.
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Issue: | Leveraged Index Return Notes
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Underlying indexes: | S&P 500, Euro Stoxx and MSCI Emerging Markets, equally weighted
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Amount: | $19,800,850
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Maturity: | Sept. 23, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If basket return is positive, par plus 163.1% of return; exposure to losses
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Pricing date: | Sept. 26
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Settlement date: | Oct. 4
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Agent: | BofA Merrill Lynch
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Fees: | 2.25%
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Cusip: | 06053F711
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