By Jennifer Chiou
New York, Nov. 26 – Bank of America Corp. priced $16,597,380 of 0% Market Index Target-Term Securities due Nov. 24, 2021 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 any gain in the index, subject to a maximum return of 61.6%.
If the index falls, the payout will be par.
The final index level will be the average of the closing index levels on the five trading days ending Nov. 19, 2021.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Market Index Target-Term Securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $16,597,380
|
| Maturity: | Nov. 24, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, with maximum return of par plus 61.6%; floor of par
|
| Initial level: | 17,814.94
|
| Final level: | Average of the closing index levels on the five trading days ending Nov. 19, 2021
|
| Pricing date: | Nov. 25
|
| Settlement date: | Dec. 3
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 06053M674
|
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