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 to price 10-year floating-rate notes linked to CPI
By Angela McDaniels
Tacoma, Wash., Oct. 29 – Bank of America Corp. plans to price floating-rate notes due Nov. 19, 2024 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will be the year-over-year change in the index plus 110 basis points. Interest will be payable monthly and cannot be less than zero.
The payout at maturity will be par.
BofA Merrill Lynch is the agent.
The notes are expected to price Nov. 14 and settle Nov. 19.
The Cusip number is 06048WPY0.
© 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.