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31 Jan 2017 09:22
31 January 2017
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Bank of America Corporation
Pre-stabilisation Period Announcement
Merrill Lynch International (contact: Dharit Patel ; telephone: 0044 207 9953966) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).
The securities: |
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Issuer: | Bank of America Corporation |
Guarantor (if any): | n/a |
Aggregate nominal amount: | EUR / benchmark size |
Description: | 5nc4 FRN, 5nc4 FXD-to-FRN, 8nc7 FXD-to-FRN triple-tranche senior bond offering |
Offer price: | To be confirmed, with initial price thoughts at ms+80bps for 5nc4 FXD-to-FRN (and Libor equivalent for the 5nc4 FRN-to-FRN) and ms+110bps for 8nc7 tranche |
Other offer terms: | n/a |
Stabilisation: |
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Stabilisation Manager(s): | Merrill Lynch International (Stabilisation Coordinator)
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Stabilisation period expected to start on: | 31 January 2017 |
Stabilisation period expected to end no later than: | 02 March 2017 (30 days after the commencement of the stabilisation period) |
Existence, maximum size and conditions of use of over-allotment facility: | The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law. |
Stabilisation trading venue: | Over the counter (OTC) |
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