By Susanna Moon
Chicago, Jan. 31 - Bank of America Corp. priced $50 million of 0% Market Index Target-Term Securities due Feb. 2, 2018 based on a basket of two indexes and an index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Hang Seng China Enterprises index with a 40% weight, the DAX index with a 40% weight and the iShares MSCI Brazil index fund with a 20% weight.
The payout at maturity will be par of $10.00 plus any gain in the basket, up to a maximum return of $20.50 per note.
If the basket falls, the payout will be par.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Market Index Target-Term Securities
|
| Underlying basket: | Hang Seng China Enterprises index (40% weight), the DAX index (40% weight) and the iShares MSCI Brazil index fund (20% weight)
|
| Amount: | $50 million
|
| Maturity: | Feb. 2, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any basket gain, capped at 105%; floor of par
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Fees: | 1%
|
| Cusip: | 06052R666
|
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