By Jennifer Chiou
New York, Sept. 24 - Bank of America Corp. priced $5.5 million of 0% Minimum Return Equity Appreciation Growth Linked Securities due Sept. 27, 2013 linked to the Nasdaq 100, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the compounded value of the index returns during the 20 three-month periods making up the life of the notes. The return in each period will be capped at 9.2%, and the minimum payout at maturity will be par plus 5%.
Banc of America Securities LLC and Bank of America Investment Services, Inc. are the agents.
Issuer: | Bank of America Corp.
|
Issue: | Minimum Return Equity Appreciation Growth Linked Securities
|
Underlying index: | Nasdaq 100
|
Amount: | $5.5 million
|
Maturity: | Sept. 27, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus the compounded value of the index returns during the 20 three-month periods making up the life of the notes; return capped at 9.2% in each period; floor of par plus 5% at maturity
|
Initial index level: | 1,648.4
|
Pricing date: | Sept. 23
|
Settlement date: | Sept. 26
|
Agents: | Banc of America Securities LLC and Bank of America Investment Services, Inc.
|
Fees: | 3%
|
© 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.