Published on 11/25/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $8.52 million leveraged return notes tied to Dow
New York, Nov. 25 – Bank of America Corp. priced $8.52 million of 0% Leveraged Index Return Notes due Nov. 27, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 168.2% of any index gain.
Investors will receive par if the index declines by up to 10% and be exposed to any losses beyond 10%.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
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| Issue: | Leveraged Index Return Notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $8,521,940
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| Maturity: | Nov. 27, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 168.2% of any index gain; par if index declines by up to 10%; exposure to losses by amount which decline exceeds 10%
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| Initial level: | 17,812.19
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| Pricing date: | Nov. 24
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| Settlement date: | Dec. 2
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| Agent: | BofA Merrill Lynch
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| Fees: | 2.5%
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| Cusip: | 06053Y272
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