New Issue: BofA Finance sells $2.01 million leveraged notes tied to index basket

By Sarah Lizee

Olympia, Wash., July 10 – BofA Finance LLC priced $2.01 million of 0% leveraged notes due Oct. 9, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket includes the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,411 per $1,000 of notes.

Investors will be fully exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Leveraged notes
Basket components:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$2,008,000
Maturity:	Oct. 9, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 300% of gain, capped at $1,411 per $1,000 of notes; full exposure to losses
Initial levels:	3,448.49 for Euro Stoxx, 7,617.70 for FTSE, 1,691.54 for Topix, 8,697.42 for Swiss Market and 6,272.291 for S&P/ASX
Pricing date:	July 6
Settlement date:	July 11
Agent:	BofA Merrill Lynch
Fees:	None
Cusip:	09709TFK2

© 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.