Published on 10/28/2013 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $25.98 million market-linked step up notes linked to Dow Jones
New York, Oct. 28 - Bank of America Corp. priced $25.98 million of 0% market-linked step up notes due Oct. 28, 2016 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive par if the index falls by up to 0% and will lose 1% for every 1% decline in the index beyond 0%.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Market-linked step up notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $25,984,720
|
| Maturity: | Oct. 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if index falls by up to 0%; 1% loss for every 1% decline beyond 0%
|
| Initial index level: | 15,509.21
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 31
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 06053F877
|
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