Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations (MER-PK)
MER-PK price $22.98 -0.03 -0.13%
- Ticker
- MER-PK
- Price
- $22.98
- Change
- -0.03 -0.13%
- Market cap
- $174.22B
- P/E
- 11.89
- Forward P/E
- 20.50
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Stocklytics score
- 39
Represents Income Capital Obligation Notes originally issued by Merrill Lynch & Co., Inc. and now an obligation of Bank of America Corporation following its acquisition of Merrill Lynch. In October 2018, the outstanding trust preferred securities of Merrill Lynch Capital Trust I were exchanged for these underlying notes. The notes pay interest at a fixed rate of 6.45% per annum and have a maturity date of December…