New York, Oct. 4 – BofA Finance LLC priced $1.22 million of 0% dual directional buffered notes due Oct. 2, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 125% of the index return subject to a maximum return of par plus 24%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Dual directional buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.22 million
|
| Maturity: | Oct. 2, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 125% of index return subject to a maximum return of par plus 24%; par plus absolute value of index return if index declines but finishes above 85% threshold value; 1% loss for every 1% that index declines beyond threshold value
|
| Upside leverage: | 125%
|
| Cap: | 24%
|
| Threshold value: | 3,654.75, 85% of initial level
|
| Initial level: | 4,299.7
|
| Call: | Non-callable
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 0%
|
| Cusip: | 09711ASK5
|
|
|
|
|
|
|
© 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.
