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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bank of America Corporation | NYSE:BAC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.08 | 0.22% | 37.09 | 37.505 | 36.77 | 37.21 | 32,276,062 | 00:59:21 |
|
Bear
Strategic Accelerated Redemption Securities
®
Linked to the Russell 2000
®
Index
|
Issuer
|
Bank of America Corporation (
BAC
)
|
Principal Amount
|
$10.00 per unit
|
Term
|
Approximately 18 months, if not called on the first or second Observation Dates
|
Market Measure
|
The Russell 2000
®
Index (Bloomberg symbol: RTY), a price return index
|
Automatic Call
|
Automatic call if the Observation Level of the Market Measure on any of the Observation Dates is
less
than
or equal to
the starting value
|
Observation Level
|
The closing level of the Market Measure on any Observation Date
|
Observation Dates
|
Approximately six,
twelve
, and
eighteen
months after the pricing date
|
Call Premium
|
In the event of an automatic call, the a
mount payable per unit will be
:
●
[$10.425
to $10.
625
] if called on the f
irst Observation Date
[$10.85 0 to $11.25 0 ] if called on the second Observation Date [$11. 275 to $11.875] if called on the final Observation Date |
Payout Profile
at Maturity
|
If not called, 1-to-1 downside exposure to
increases
in the Market Measure, with up to 100% of your principal at risk
.
|
Threshold Value
|
100% of the starting value
|
Interest Payments
|
None
|
Preliminary Offering Documents
|
|
Exchange
Listing
|
No
|
●
|
If the notes are not
automatically
called, your investment
will result
in a loss; there is no guaranteed return of principal.
You will lose all or a portion of your principal amount if the level of the Index
on the final Observ
ation Date is greater than the starting v
alue
.
|
●
|
Payments on the notes are subject to the credit risk of BAC, and actual or perceived changes in the creditworthiness of BAC are expected to affect the value of the notes. If BAC becomes insolvent or is unable to pay its obligations, you may lose your entire investment.
|
●
|
Your investment return is limited to the applicable Call Premium and may be less than a comparable
short position in the Market Measure or
the stocks included in the Market Measure.
|
●
|
The initial estimated value of the notes on the pricing date will be less than their public offering price.
|
●
|
If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
|
●
|
You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.
|
●
|
The notes are subject to risks associate d with small-size capitalization companies.
|
1 Year Bank of America Chart |
1 Month Bank of America Chart |
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