By Sarah Lizee
Olympia, Wash., April 5 – Bank of America Corp. priced $5 million of floating-rate notes due April 6, 2023 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be the annual percentage change in the index plus 90 basis points. Interest will be payable monthly and cannot be less than zero.
The payout at maturity will be par.
BofA Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Floating-rate notes
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| Underlying index: | Consumer Price Index
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| Amount: | $5 million
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| Maturity: | April 6, 2023
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| Coupon: | Annual percentage change in the index plus 90 bps, subject to 0% floor; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | April 4
|
| Settlement date: | April 6
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 0%
|
| Cusip: | 06048WWG1
|
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