Bank of America to price enhanced return notes linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Feb. 29 – Bank of America Corp. plans to price 0% enhanced return notes with cap due March 1, 2018 linked to a basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Biogen Inc., BioMarin Pharmaceutical Inc., Caesars Entertainment Corp., D.R. Horton, Inc., Horizon Pharma plc, Las Vegas Sands Corp., Palo Alto Networks, Inc., SVB Financial Group, Vertex Pharmaceuticals Inc. and Wynn Resorts, Ltd.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return that is expected to be at least 48% and will be set at pricing. If the basket return is negative, investors will be fully exposed to the decline.

BofA Merrill Lynch is the agent.

The notes are expected to price March 2.

The Cusip number is 06048WSJ0.

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