New Issue: Bank of America prices $14.88 million market-linked step up notes linked to Euro Stoxx

New York, Feb. 3 - Bank of America Corp. priced $14.88 million of 0% market-linked step up notes due Jan. 27, 2017 tied to the Euro Stoxx 50 Index index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive or declines by up to 5%, the payout at maturity will be par plus 16%. Investors will lose 1% for every 1% decline in the index beyond 5%.

Merrill Lynch & Co. is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Market-linked step up notes
Underlying index:	Euro Stoxx 50 Index
Amount:	$14,881,780
Maturity:	Jan. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive or declines by up to 5%, par plus 16%; 1% loss for every 1% decline beyond 5%
Initial index level:	3,027.30
Pricing date:	Jan. 30
Settlement date:	Feb. 6
Underwriters:	Merrill Lynch & Co.
Fees:	2.25%
Cusip:	06053G701

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.