By Angela McDaniels
Tacoma, Wash., Aug. 6 – Bank of America Corp. priced $5.22 million of 0% Accelerated Return Notes due Oct. 14, 2016 linked to the Merrill Lynch Commodity Index eXtra Precious Metals Plus - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 12.72%. If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Merrill Lynch Commodity index eXtra Precious Metals Plus – Excess Return
|
| Amount: | $5.22 million
|
| Maturity: | Oct. 14, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 12.72%; exposure to any index decline
|
| Initial index level: | 212.6215
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 10
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06053W599
|
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