| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank of America Corp. > News item |
Bank of America plans market-linked step-up notes on Euro Stoxx 50
By Toni Weeks
San Diego, April 28 - Bank of America Corp. plans to price 0% market-linked step-up notes due May 2015 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step-up payment and the index return. The step-up payment is expected to be 32% to 38% and will be set at pricing.
Investors will receive par if the index declines by up to 15% and will share in losses beyond 15%.
The notes are expected to price in May and settle in June.
Merrill Lynch is the agent.
© 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.