By Marisa Wong
Madison, Wis., Dec. 3 - Bank of America Corp. priced $4.72 million of 0% Market Index Target-Term Securities due Nov. 30, 2015 linked to two equally weighted currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Norwegian krone and the Swedish krona.
The payout at maturity will be par of $10 plus 201% of any basket gain.
If the currency basket falls, investors will be exposed to losses of up to 10%, with a payout of at least 90% of par.
Bank of America Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Market Index Target-Term Securities
|
| Underlying basket: | Norwegian krone and Swedish krona, equally weighted against the euro
|
| Amount: | $4,723,850
|
| Maturity: | Nov. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 201% of basket gain; exposure to losses of up to 10%; minimum payout of 90% of par
|
| Initial rates: | 7.35 for krone; 8.6371 for krona
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 6
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06053D690
|
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