E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/2/2014 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $7.92 million Accelerated Return Notes linked to Precious Metals

New York, June 2 - Bank of America Corp. priced $7.92 million of 0% Accelerated Return Notes due July 31, 2015 tied to the Merrill Lynch Commodity Index Extra Precious Metals Plus - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus 300% of the return, subject to a maximum payout of par plus 10.5%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:Merrill Lynch Commodity Index Extra Precious Metals Plus - Excess Return
Amount:$7,916,890
Maturity:July 31, 2015
Coupon:0%
Price:Par
Payout at maturity:If return is positive, par plus 300% of return, subject to maximum payout of par plus 10.5%; 1% loss for every 1% decline
Initial index level:273.7593
Pricing date:May 29
Settlement date:June 5
Underwriters:Merrill Lynch & Co.
Fees:2%
Cusip:06053M229

© 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.