By Angela McDaniels
Tacoma, Wash., Jan. 30 – BofA Finance LLC priced $4.77 million of 0% digital plus barrier notes due Jan. 31, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the lesser-performing index’s return and 68%.
If the final level of the lesser-performing index is less than its initial level but greater than or equal to its threshold level, 70% of its initial level, the payout will be par.
If the final level of the lesser-performing index is less than its threshold level, investors will be exposed to the decline of the lesser-performing index from its initial level.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Digital plus barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4,774,000
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of lesser-performing index is greater than or equal to initial level, par plus greater of lesser-performing index’s return and 68%; if final level of lesser-performing index is less than initial level but greater than or equal to threshold level, par; if final level of lesser-performing index is less than threshold level, exposure to decline of lesser-performing index from initial level
|
| Initial index levels: | 2,298.37 for S&P 500 and 1,382.437 for Russell 2000
|
| Threshold levels: | 1,608.86 for S&P 500 and 967.706 for Russell 2000, or 70% of initial level
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 09709TAD3
|
© 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.
