New Issue: BofA Finance prices $7 million digital return notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, July 15 – BofA Finance LLC priced $7 million of 0% digital return notes due July 15, 2021 linked to S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its threshold value, 60% of its initial level, the payout at maturity will be par plus 7.25%. If either index finishes at or below its threshold value, investors will be fully exposed to the decline of the lesser-performing index.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$7 million
Maturity:	July 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than threshold value, par plus 7.25%; if either index finishes at or below threshold value, full exposure to decline of lesser-performing index
Initial index levels:	3,152.05 for S&P 500 and 1,398.920 for Russell 2000
Threshold values:	1,891.23 for S&P 500 and 839.352 for Russell 2000; 60% of initial levels
Pricing date:	July 9
Settlement date:	July 13
Selling agent:	BofA Securities, Inc.
Fees:	None
Cusip:	09709TJ28

© 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.