Bank of America plans Accelerated Return Notes on NYSE Arca Gold

By Marisa Wong

Madison, Wis., June 17 – Bank of America Corp. plans to price 14-month 0% Accelerated Return Notes due August 2015 linked to the NYSE Arca Gold Miners index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 22% to 26%. The exact cap will be set at pricing.

Investors will be exposed to any decline in the index.

BofA Merrill Lynch is the agent.

The notes will price in June and settle in July.

© 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.