Bank of America to price Accelerated Return Notes linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Oct. 5 – Bank of America Corp. plans to price 0% Accelerated Return Notes due December 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return that is expected to be 18% to 22% and will be set at pricing. Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

The notes will price in October and settle in November.

© 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.