US Wrap: Single note offers exposure to international equity
Another single note was released into the US market yesterday, continuing the slow pace of issuance for the week. The product was issued by Bank of America and gives exposure to the MSCI Eafe Index, which tracks the performance of international equity.
Investors will participate in index gains at a rate of between 115-130%, with a 10% downside buffer. The investment has a maturity of three years and uses averaging over the last five days of the product life to smooth out returns.
Issuer
Product type
Underlying
Pricing date
Maturity date
Bank of America
Accelerated Growth
MSCI Eafe Index
Jul-09
Jul-12
Source: Future Value Consultants & SEC filings
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