| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
BofA plans to price leveraged buffered notes linked to Russell 2000
By Sarah Lizee
Olympia, Wash., Feb. 27 – BofA Finance LLC plans to price 0% leveraged buffered notes due May 1, 2020 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 200% of the index return, capped at par plus 12.5% to 15.5%.
Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.
BofA Merrill Lynch is the underwriter.
The notes will price on March 28.
The Cusip number is 09709TNN7.
© 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.