New Issue: BofA prices $2.58 million leveraged buffered notes on Russell

Chicago, March 11 – BofA Finance LLC priced $2.58 million of 0% leveraged buffered notes due April 29, 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 return, subject to a maximum settlement amount of $1,199.50 for each $1,000 principal amount of notes.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Leveraged buffered notes
Underlying index:	Russell 2000
Amount:	$2,575,000
Maturity:	April 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 3 times index return, subject to a maximum settlement amount of $1,199.50 per $1,000 of notes; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial level:	1,581.052
Buffer level:	90% of initial level
Pricing date:	Feb. 27
Settlement date:	March 6
Agent:	BofA Merrill Lynch
Fees:	2.16%
Cusip:	09709TNH0

© 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.