Bank Of AmericaGrowth NoteSnowball3 Years
Key Dates
Snowball Growth Note w/ Memorizer - Earn 22% in Year-1 or up to 66% in Year-3
VanEck Semiconductor ETF
SMH
Basket of semiconductor companies
Market Cap
-
3-Yr CAGR
52%
3-Yr Max DD
-20%
Russell 2000
RTY
2000 small-cap companies in the U.S.
Market Cap
-
3-Yr CAGR
17%
3-Yr Max DD
-19%
St. Strt. Utilities ETF
XLU
Basket of utility companies
Market Cap
-
3-Yr CAGR
16%
3-Yr Max DD
-15%
CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown
Note is called in Year-1
22%
Note is called in Year-2
44%
Note is called in Year-3
66%
If the worst stock falls past the barrier
You can lose some or all of what you invested
Snowball Call Premium: Starting at 22% after Year 1, the call premium increases by 5.5% each quarter until the note is called or reaches maturity.
Memorizer Autocall: From Year 1, each underlier (SMH, RTY, XLU) only needs to reach 100% of its initial level on a quarterly observation date once. The note is called when all three underliers have met this condition, paying full principal plus the applicable call premium.
Maturity Protection: If the note goes till maturity, investors receive full principal plus 66% if all three underliers have reached their initial levels on an observation date. Otherwise, principal is returned if the worst-performing underlier is not down more than 40% at maturity; below the 60% barrier, losses are 1:1 with the worst-performing underlier.