By Jennifer Chiou
New York, Oct. 2 – Bank of America Corp. priced $42.8 million of floating-rate notes due Oct. 9, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will equal the year-over-year change in the Consumer Price Index plus 120 basis points. Interest is payable quarterly 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
|
| Underlying index: | Consumer Price Index
|
| Amount: | $42.8 million
|
| Maturity: | Oct. 9, 2024
|
| Coupon: | Equal to year-over-year change in Consumer Price Index plus 120 bps; floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 9
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 0.75%
|
| Cusip: | 06048WPT1
|
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