New Issue: BofA prices $579,850 market-linked one look notes on Gold Miners ETF

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – BofA Finance LLC priced $579,850 of 0% market-linked one look notes due Oct. 13, 2023 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the ETF finishes flat or gains, the payout at maturity will be par plus 32.8%. Otherwise, investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Market-linked one look notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Principal amount:	$579,850
Maturity:	Oct. 13, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 32.8% unless ETF finishes below its initial price, in which case full exposure to losses
Initial price:	$23.69
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Underwriter:	BofA Securities, Inc.
Fees:	1.5%
Cusip:	09710F884

© 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.