New Issue: BofA prices $123.30 million Accelerated Return Notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 5 – BofA Finance LLC priced $123,296,480 of 0% Accelerated Return Notes due Oct. 25, 2019 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 10.01%.

Investors will be exposed to any index decline.

BofA Merrill Lynch is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$123,296,480
Maturity:	Oct. 25, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped 10.01%; exposure to any index decline
Initial index level:	2,901.13
Final index level:	Average of index’s closing levels on five trading days ending Oct. 22, 2019
Pricing date:	Aug. 30
Settlement date:	Sept. 7
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	097097737

© 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.