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Bank of America plans 0% Mitts linked to S&P 500, Euro Stoxx, Nikkei
By Jennifer Chiou
New York, Dec. 3 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due December 2017 linked to a basket of equally weighted indexes, according to an FWP with the Securities and Exchange Commission.
The underlying indexes are the S&P 500 index, the Euro Stoxx 50 index and the Nikkei 225 index.
The payout at maturity will be par plus any basket gain. Investors will receive at least par.
The securities are expected to price and settle in December.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
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