US Wrap: Bank of America offers exposure to basket of world indexes

Bank of America has joined a smaller offering for the US market with a basket of world indexes covering equities from the US, Europe and Asia for its principal-protected product.

The Market Index Target-Term Securities Linked to a Global Equity Basket is a five-year product linked to an equally weighted basket of the S&P 500, Eurostoxx 50 and the Nikkei 225.

There is an uncapped 100% participation rate in the basket and capital is fully protected at maturity. The favourable participation and cap