Published on 3/30/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $201.44 million Accelerated Return Notes linked to Euro Stoxx
New York, March 30 – Bank of America Corp. priced $201.44 million of 0% Accelerated Return Notes due May 27, 2016 tied to the Euro Stoxx 50 Index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 19.05%. Investors will lose 1% for every 1% decline in the index.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Bank of America Corp.
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| Issue: | Accelerated Return Notes
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| Underlying index: | Euro Stoxx 50 Index
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| Amount: | $201,439,648.1
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| Maturity: | May 27, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 19.05%; 1% loss for every 1% decline
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| Initial index level: | 3,669.79
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| Pricing date: | March 26
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| Settlement date: | April 2
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| Underwriters: | Merrill Lynch & Co.
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| Fees: | 2%
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| Cusip: | 06053W144
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