New Issue: BofA Finance sells $8.77 million enhanced return notes on S&P, Dow

Chicago, April 8 – BofA Finance LLC priced $8.77 million of 0% enhanced return notes due March 28, 2025 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If both indexes gain, the payout at maturity will be par plus 1.25 times the index gain of the worst performer.

If either index declines by up to 50%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the lesser performing index declines from its initial level.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Enhanced return notes
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$8,773,000
Maturity:	March 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain in lesser performing index if both indexes gain; if either index declines by up to 50%, par; otherwise, investors will lose 1% for every 1% the lesser performing index declines from its initial level
Initial levels:	2,475.56 for S&P, 21,200.55 for Dow
Threshold levels:	1,237.78 for S&P, 10,600.28 for Dow, 50% of initial levels
Pricing date:	March 25
Settlement date:	March 30
Agent:	BofA Securities, Inc.
Fees:	3.25%
Cusip:	09709TB67

© 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.