New Issue: BofA Finance prices $2.91 million digital return notes linked to three stocks

Chicago, March 20 – BofA Finance LLC priced $2.91 million of 0% digital return notes due March 6, 2025 linked to the least performing of the common stocks of Pinterest, Inc. (class A), PayPal Holdings, Inc. and United Airlines Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the lowest performing stock finishes at or above its 55% threshold level, the payout at maturity will be par plus 21%.

Otherwise, investors will be fully exposed to the decline of the lowest performing stock from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital return notes
Underlying stocks:	Pinterest, Inc. (Ticker: PINS), PayPal Holdings, Inc. (Ticker: PYPL) and United Airlines Holdings, Inc. (Ticker: UAL)
Amount:	$2,913,000
Maturity:	March 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 21% if lowest performing stock finishes at or above threshold level; otherwise, loss of 1% for every 1% decline of lowest performing stock from initial level
Initial levels:	$36.12 for Pinterest, $60.25 for PayPal, $44.76 for United
Threshold levels:	$19.87 for Pinterest, $33.14 for PayPal, $24.62 for United; 55% of initial levels
Strike date:	Feb. 28
Pricing date:	Feb. 29
Settlement date:	March 5
Selling agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09711B5Y8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.