Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: Bank of America sells $16.28 million Capped Leveraged Index Return Notes on Stoxx
New York, March 28 – Bank of America Corp. priced $16.28 million of 0% Capped Leveraged Index Return Notes due March 23, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 26.2%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the underwriter.
Issuer: | Bank of America Corp.
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $16,284,770
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Maturity: | March 23, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, subject to 26.2% maximum return; exposure to any index decline
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Initial index level: | 3,042.42
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Pricing date: | March 23
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Settlement date: | March 31
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06053Y595
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