By Angela McDaniels
Tacoma, Wash., Aug. 21 - Bank of America Corp. priced $2 million of 0% notes due Aug. 22, 2018 linked to the best performing of three baskets, according to a 424B2 filing with the Securities and Exchange Commission.
Each basket is made up of different weights of the Dow Jones industrial average, the iBoxx $ Investment Grade Corporate Bond Fund and the SPDR Gold Trust.
Basket A contains the equity index with a 55% weight, the investment-grade bond fund with a 35% weight and the gold trust with a 10% weight.
Basket B contains the equity index with a 50% weight, the investment-grade bond fund with a 45% weight and the gold trust with a 5% weight.
Basket C contains the equity index with a 45% weight, the investment-grade bond fund with a 52% weight and the gold trust with a 3% weight.
If the return of the best-performing basket is positive, the payout at maturity will be par plus that basket's return. If the return of the best-performing basket is zero or negative, the payout will be par.
Bank of America Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Notes
|
| Basket components: | Dow Jones industrial average, iBoxx $ Investment Grade Corporate Bond Fund and SPDR Gold Trust
|
| Basket A: | Dow (55% weight), iBoxx fund (35% weight) and SPDR Gold Trust (10% weight)
|
| Basket B: | Dow (50% weight), iBoxx fund (45% weight) and SPDR Gold Trust (5% weight)
|
| Basket C: | Dow (45% weight), iBoxx fund (52% weight) and SPDR Gold Trust (3% weight)
|
| Amount: | $2 million
|
| Maturity: | Aug. 22, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of best-performing basket is positive, par plus that basket's return; if return of best-performing basket is zero or negative, par
|
| Initial levels: | 13,275.2 for Dow; $118.46 for iBoxx fund; $156.72 for gold trust
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 22
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 06048WNB2
|
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