Bank of America plans Accelerated Return Notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Dec. 10 – Bank of America Corp. plans to price 0% Accelerated Return Notes due February 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, up to a capped return of 13% to 17%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The final index value will be the average of the closing index levels on five trading days shortly before the maturity date.

BofA Merrill Lynch is the agent.

The notes will price in December and settle in January.

© 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.