By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – BofA Finance LLC priced $12.71 million of 0% Accelerated Return Notes due Sept. 30, 2022 linked to the VanEck Vectors Gold Miners ETF, 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 ETF gain, capped at par plus 28%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $12.71 million
|
| Face amount: | $10
|
| Maturity: | Sept. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 28%, full exposure to any ETF decline
|
| Initial value: | $35.07
|
| Final level: | Average of ETF’s closing levels on five trading days ending Sept. 27, 2022
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 5
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 09710D525
|
|
|
© 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.
