By Marisa Wong
Madison, Wis., Dec. 2 – Bank of America Corp. priced $7.61 million of 0% Accelerated Return Notes due Dec. 11, 2015 linked to a basket of two indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index with a 75% weight and the MSCI EAFE index with a 25% weight.
The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 9.4%.
Investors will be exposed to any decline in the basket.
The final basket level will be the average of the basket values on the five trading days ending Dec. 8, 2015.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying indexes: | S&P 500 index (75% weight), MSCI EAFE index (25% weight)
|
| Amount: | $7,611,970
|
| Maturity: | Dec. 11, 2015
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any basket gain, subject to a maximum return of 9.4%; full exposure to any basket decline
|
| Initial index levels: | 2,067.03 for S&P 500, 1,842.26 for MSCI EAFE
|
| Final basket level: | Average of basket values on five trading days ending Dec. 8, 2015
|
| Pricing date: | Nov. 25
|
| Settlement date: | Dec. 3
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 1.75%
|
| Cusip: | 06053M716
|
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