New Issue: Bank of America sells $7.23 million enhanced return notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., April 22 – Bank of America Corp. priced $7.23 million of 0% enhanced return notes with cap due April 25, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus triple the index gain, subject to a maximum payout of $1,375 per $1,000 principal amount of notes. Investors will be fully exposed to any index decline.

BofA Merill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Enhanced return notes with cap
Underlying index:	Euro Stoxx 50
Amount:	$7,225,000
Maturity:	April 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, capped at $1,375 per $1,000 note; full exposure to any index decline
Initial level:	3,142.52
Pricing date:	April 20
Settlement date:	April 25
Agent:	BofA Merill Lynch
Fees:	2%
Cusip:	06048WSN1

© 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.