New Issue: BofA Finance prices $4.65 million enhanced return notes linked to S&P

By Angela McDaniels

Tacoma, Wash., Dec. 13 – BofA Finance LLC priced $4.65 million of 0% enhanced return notes due June 9, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 22.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes are guaranteed by Bank of America Corp.

BofA Securities Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Enhanced return notes
Underlying index:	S&P 500
Amount:	$4,645 ,000
Maturity:	June 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 300% of index return, subject to 22.5% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	3,093.20 (closing level on Dec. 3)
Threshold value:	2,783.88, or 90% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 6
Agent:	BofA Securities Inc.
Fees:	0.5%
Cusip:	09709TYB1

© 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.