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BofA to price Accelerated Return Notes linked to Euro Stoxx 50, Topix
By Angela McDaniels
Tacoma, Wash., Oct. 15 - Bank of America Corp. plans to price 0% Accelerated Return Notes due October 2015 linked to a basket that includes the Euro Stoxx 50 index with a 75% weight and the Topix index with a 25% weight, according to an FWP filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 28% to 32%. If the basket return is negative, investors will have 1-to-1 exposure to the decline.
The exact cap will be set at pricing.
BofA Merrill Lynch is the agent.
The notes will price and settle in October.
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