New Issue: Bank of America prices $51.15 million Mitts linked to Dow Jones Industrial Average

By Angela McDaniels

Tacoma, Wash., Nov. 25 - Bank of America Corp. priced $51.15 million of 0% Market Index Target-Term Securities due Dec. 2, 2014 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus the index return, subject to a floor of par and a maximum return of 67%.

The issuer said it applied to list the notes on the NYSE Arca under the symbol "MMF."

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.

Issuer:	Bank of America Corp.
Issue:	Market Index Target-Term Securities
Underlying index:	Dow Jones Industrial Average
Amount:	$51.15 million
Maturity:	Dec. 2, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus the index return, subject to floor of par and maximum return of 67%
Initial index level:	10,433.71
Final index level:	Average of index's closing levels on the five trading days ending Nov. 24, 2014
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2.5%

© 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.