By Susanna Moon
Chicago, Aug. 6 – Bank of America Corp. priced $4.5 million of 0% Market Index Target-Term Securities due Aug. 27, 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 index gain, up to a maximum return of 42.55%.
If the index falls, the payout will be par.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
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| Issue: | Market Index Target-Term Securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $4.5 million
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| Maturity: | Aug. 27, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any index gain, capped at 42.55%; floor of par
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| Initial level: | 17,598.20
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| Pricing date: | Aug. 3
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| Settlement date: | Aug. 10
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| Agent: | BofA Merrill Lynch
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| Fees: | 2.5%
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| Cusip: | 06053W631
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