Bank of America plans five-year protected Mitts tied to Euro Stoxx 50

By Susanna Moon

Chicago, Nov. 1 – BofA Finance LLC plans to price 0% Market Index Target-Term Securities due November 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, up to a maximum return of 45% to 55%. The exact cap will be set at pricing.

If the index falls, the payout will be par.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price and settle in November.

© 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.