By Marisa Wong
Madison, Wis., March 30 – Bank of America Corp. priced $2.45 million of 0% leveraged notes with cap due June 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 350% of any index gain, up to a maximum return of 23%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Leveraged notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $2.45 million
|
| Maturity: | June 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 350% of any index gain, capped at 23%; exposure to any losses
|
| Initial index level: | 3,669.79
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 1%
|
| Cusip: | 06048WQN3
|
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