By Susanna Moon
Chicago, April 1 - Bank of America Corp. priced $20.24 million of 0% Accelerated Return Notes due May 23, 2014 tied to an a basket of three equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group, Inc.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 20.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying basket: | Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group, Inc. (NYSE: GS)
|
| Amount: | $20,244,290
|
| Maturity: | May 23, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of basket gain, capped at 20.5%; exposure to any losses
|
| Pricing date: | March 28
|
| Settlement date: | April 5
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06053E557
|
© 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.
