E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/3/2016 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $4.36 million Accelerated Return Notes linked to eight stocks

New York, June 3 – Bank of America Corp. priced $4.36 million of 0% Accelerated Return Notes due July 28, 2017 linked to a basket of eight stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the common stocks of Anthem, Inc., AT&T Inc., Danaher Corp., McDonald's Corp., PepsiCo, Inc., Pfizer Inc., Philip Morris International Inc. and Qualcomm Inc., all equally weighted.

The payout at maturity will be par of $10 plus triple any basket gain up to a maximum return of 14.75%. Investors will be exposed to any decline in the basket.

BofA Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying stocks:Anthem, Inc., AT&T Inc., Danaher Corp., McDonald's Corp., PepsiCo, Inc., Pfizer Inc., Philip Morris International Inc. and Qualcomm Inc., equally weighted
Amount:$4,363,600
Maturity:July 28, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any basket gain, capped at 14.75%; exposure to any basket decline
Initial levels:$129.61 for Anthem, Inc., $38.84 for AT&T Inc., $99.20 for Danaher Corp., $123.79 for McDonald's Corp., $101.90 for PepsiCo, Inc., $34.43 for Pfizer Inc., $99.01 for Philip Morris International Inc., $55.74 for Qualcomm Inc.
Pricing date:May 26
Settlement date:June 3
Underwriters:BofA Merrill Lynch
Fees:2%
Cusip:06054B156

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.