New Issue: BofA sells $3.95 million leveraged market-linked notes on Russell 2000

By Kiku Steinfeld

Chicago, July 20 – BofA Finance LLC priced $3.95 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Sept. 6, 2022 linked to the Russell 2000 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 plus 200% of any gain in the index, up to a maximum of par plus 9%.

If the index falls by up to 7.5%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline beyond 7.5%.

BofA Securities, Inc. and Wells Fargo Securities LLC are the selling agents.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying index:	Russell 2000
Amount:	$3,952,000
Maturity:	Sept. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain index, capped at par plus 9%; par if index falls by up to 7.5%; otherwise, 1% loss for every 1% decline beyond 7.5%
Initial level:	2,268.972
Threshold level:	2,098.7991, 92.5% of initial level
Pricing date:	May 28
Settlement date:	June 3
Selling agents:	BofA Securities, Inc. and Wells Fargo Securities LLC
Fees:	2.275%
Cusip:	09709UHU5

© 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.