By Marisa Wong
Morgantown, W.Va., Dec. 1 – BofA Finance LLC priced $24.95 million of 0% Accelerated Return Notes due Jan. 28, 2019 linked to a basket of financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The basket consists of Citigroup Inc. with a 33.33% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.34% weight.
The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 21.3%. Investors will be exposed to any basket decline.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying stocks: | Citigroup Inc. (symbol: C) with a 33.33% weight, JPMorgan Chase & Co. (symbol: JPM) with a 33.33% weight and Morgan Stanley (symbol: MS) with a 33.33% weight
|
| Amount: | $24,953,790
|
| Maturity: | Jan. 28, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 21.3%; exposure to any basket decline
|
| Initial share prices: | $72.38 for Citigroup, $98.93 for JPMorgan and $49.38 for Morgan Stanley
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 29
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 097097117
|
© 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.
