Bank of America plans accelerated return notes tied to metals subindex

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – Bank of America Corp. plans to price 0% Accelerated Return Notes due December 2017 linked to the Bloomberg Precious Metals subindex, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 14% to 18%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price and settle in October.

© 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.