By Jennifer Chiou
New York, March 30 – Bank of America Corp. priced $21,442,680 of 0% Market Index Target-Term Securities due March 25, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus any gain in the index, subject to a maximum return of 51.6%.
If the index falls, the payout will be par.
The final index level will be the average of the closing index levels on the five trading days ending March 22, 2022.
BofA Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Market Index Target-Term Securities
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Underlying index: | Dow Jones industrial average
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Amount: | $21,442,680
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Maturity: | March 25, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any index gain, capped at 51.6%; floor of par
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Initial level: | 17,678.23
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Final level: | Average of the closing index levels on the five trading days ending March 22, 2022
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Pricing date: | March 26
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Settlement date: | April 2
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Underwriter: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 06053W169
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