Published on 7/1/2013 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $46.31 million market-linked step up notes linked to PHLX Housing
New York, July 1 - Bank of America Corp. priced $46.31 million of 0% market-linked step up notes due July 6, 2015 tied to the PHLX Housing Sector Index index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline in the index beyond 5%.
Merrill Lynch & Co. is the underwriter.
Issuer: | Bank of America Corp.
|
Issue: | Market-linked step up notes
|
Underlying index: | PHLX Housing Sector Index
|
Amount: | $46,310,710
|
Maturity: | July 6, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
|
Initial index level: | 182.07
|
Pricing date: | June 27
|
Settlement date: | July 5
|
Underwriters: | Merrill Lynch & Co.
|
Fees: | 2%
|
Cusip: | 06053E870
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.