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Bank of America Corporation Mar Message Board

  • foreverwhiteroses foreverwhiteroses Dec 19, 2013 10:56 AM Flag

    6% annualized yield for the remaining holding period

    Does anybody follow this one??? It's a BAC credit and as long as the S&P is above 1216 it will mature and pay 15.91 on February 28, 2014... Present bid side = 15.73 and at 15.73, that's a 5.95% annualized yield for the next two months.... Nothing wrong with that if you're looking to park some money on the sidelines for a couple of months... You have about 35% downside protection on the S&P before the payout would be anything other than 15.91. BTW, there's a similar security, SCT, that matures one month later and it doesn't yield as much as this one and it has not quite as much downside protection.

15.880.00(0.00%)Feb 25 4:00 PMEST

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