Bank of America plans Capped Leveraged Index Return Notes on S&P 500

By Marisa Wong

Madison, Wis., Oct. 1 - Bank of America Corp. plans to price Capped Leveraged Index Return Notes due October 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any index gain, subject to a maximum return of 13% to 17% that will be determined at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

The notes are expected to price in October and settle in November.

Bank of America 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.