By Wendy Van Sickle
Columbus, Ohio, July 1 – BofA Finance LLC priced $10.23 million of 0% capped gears due Aug. 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, capped at par plus 20.1%.
Otherwise, investors will be fully exposed to the index decline.
BofA Securities is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Capped gears
|
| Underlying index: | Russell 2000
|
| Amount: | $10,226,350
|
| Maturity: | Aug. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 20.1%; full exposure to any index decline
|
| Initial index level: | 1,413.315
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | BofA Securities with UBS Financial Services Inc. as selling agent
|
| Fees: | 2%
|
| Cusip: | 05591G595
|
|
|
© 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.
