Published on 4/29/2014 in the Prospect News Structured Products Daily.
New Issue: Bank of America prices $6.8 million notes linked to MSCI India
New York, April 29 - Bank of America Corp. priced $6.8 million of 0% notes due April 28, 2016 tied to the MSCI India 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 175% of the index return, subject to a maximum payout of par plus 31.5%. Investors will lose 1% for every 1% decline in the index.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Notes
|
| Underlying index: | MSCI India index
|
| Amount: | $6,803,500
|
| Maturity: | April 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 175% of index return, subject to maximum payout of par plus 31.5%; 1% loss for every 1% decline
|
| Initial index level: | 437.856
|
| Pricing date: | April 25
|
| Settlement date: | May 1
|
| Underwriters: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Cusip: | 06053G875
|
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