New Issue: Bank of America prices $6.84 million Accelerated Return Notes linked to JPX-Nikkei

By Angela McDaniels

Tacoma, Wash., July 11 – Bank of America Corp. priced $6.84 million of 0% Accelerated Return Notes due Aug. 25, 2017 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.71%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	JPX-Nikkei 400
Amount:	$6,838,530
Maturity:	Aug. 25, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 16.71%; exposure to any index decline
Initial level:	11,045.54
Final index level:	Average of index’s closing levels on five trading days ending Aug. 22, 2017
Pricing date:	July 7
Settlement date:	July 13
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06054B198

© 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.