By Sarah Lizee
Olympia, Wash., July 30 – BofA Finance LLC priced $6.31 million of 0% Accelerated Return Notes due July 30, 2021 linked to 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.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.58%. Investors will be exposed to any index decline.
The initial level will be the lowest closing level of the index on any business day during the starting value determination period, which runs until Aug. 26.
BofA Securities, Inc. is the underwriter.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P 500
|
Amount: | $6,313,340
|
Maturity: | July 30, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 16.58%; exposure to any index decline
|
Initial index level: | The lowest closing level of the index on any business day during the starting value determination period, which runs until Aug. 26
|
Pricing date: | July 25
|
Settlement date: | Aug. 1
|
Underwriter: | BofA Securities, Inc.
|
Fees: | 2%
|
Cusip: | 097098776
|
© 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.