| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MSCI Emerging Markets index > News item |
Bank of America plans market-tied step-up notes on Euro Stoxx, MSCI EM
By Susanna Moon
Chicago, Dec. 12 - Bank of America Corp. plans to price market-linked step-up notes due December 2017 tied to a basket of indexes, according to an FWP with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index and the MSCI Emerging Markets index, each with a 50% weight.
If the basket finishes at or above the step-up value - 112% to 118% of the initial level - the payout at maturity will be par plus any index gain.
If the basket finishes below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 12% to 18%.
Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket finishes below the 85% trigger level.
BofA Merrill Lynch is the agent.
The notes will price and settle in December.
© 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.