Published on 11/4/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $25.46 million leveraged return notes on Dow
By Susanna Moon
Chicago, Nov. 4 – Bank of America Corp. priced $25.46 million of 0% Leveraged Index Return Notes due Oct. 30, 2020 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 175% of any index gain.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
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| Issue: | Leveraged Index Return Notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $25,464,280
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 175% of any index gain; exposure to any losses
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| Initial level: | 17,755.80
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| Pricing date: | Oct. 29
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| Settlement date: | Nov. 5
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| Agent: | BofA Merrill Lynch
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| Fees: | 2.5%
|
| Cusip: | 06053Y165
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