Published on 10/11/2016 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $5.14 million Accelerated Return Notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Oct. 11 – Bank of America Corp. priced $5.14 million of 0% Accelerated Return Notes due Nov. 22, 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 triple any index gain, up to a maximum return of 20.55%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,137,500
|
| Maturity: | Nov. 22, 2017
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 20.55%; exposure to any index decline
|
| Initial level: | 2,991.58
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 6
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06054B537
|
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