Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bank of America Corp. > News item |
BofA plans 18-month market-linked step-up notes tied to Stoxx 50
By Susanna Moon
Chicago, Feb. 1 – BofA Finance LLC plans to price market-linked step-up notes due August 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its step-up level – 120% to 126% of the initial level – the payout at maturity will be par plus the gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up return of 20% to 26%.
Investors will be exposed to any losses.
The notes will be guaranteed by Bank of America Corp.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
© 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.