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Bank of America plans notes with 5 times leverage tied to Euro Stoxx 50
By Jennifer Chiou
New York, Jan. 28 – Bank of America Corp. plans to price 0% notes due January 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus five times the index return, subject to a maximum return of 70% to 74% that will be set at pricing.
If the index return is negative, investors will be fully exposed to the decline.
The notes will price in January and settle in February.
BofA Merrill Lynch is the agent.
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