Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Bank of America plans Accelerated Return Notes linked to three stocks
By Susanna Moon
Chicago, Dec. 19 - Bank of America Corp. plans to price 0% Accelerated Return Notes due January 2015 linked to a basket of three equally weighted financial sector stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., American International Group, Inc. and Goldman Sachs Group, Inc.
The payout at maturity will be par of $10.00 plus triple any gain in the basket, up to a maximum return of $13.60 to $14.00 per note.
Investors will be exposed to any losses.
Bank of America Merrill Lynch will be the agent.
The notes are expected to price and settle in December.
© 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.