By Toni Weeks
San Luis Obispo, Calif., March 6 – Bank of America Corp. priced $35 million of 0% Leveraged Index Return Notes due Sept. 9, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 145% of any index gain.
Investors will share in any losses.
The final index level will be the average of the closing index levels on the five trading days ending Sept. 6, 2016.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $35 million
|
| Maturity: | Sept. 9, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 145% of any index gain; exposure to losses
|
| Initial index level: | 3,583.44
|
| Final index level: | Average of index's closing levels on five trading days ending Sept. 6, 2016
|
| Pricing date: | March 4
|
| Settlement date: | March 11
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 1%
|
| Cusip: | 06053W268
|
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