The capital-at-risk note has a tenor of just under nine years during which it offers access to a European technology index.
Merrill Lynch B.V. has issued a structured note linked to the Eurostoxx Technology Price Index in France. The note is guaranteed by Bank of America Corporation and is scheduled to mature on 22 February 2035. It is listed on the Luxembourg Stock Exchange for an issued amount of €160m (US$183m). The Eurostoxx Technology Price EUR Index tracks listed European technology companies across multiple exchanges The product expires early if the index closes at or above its initial level on any s