By Sarah Lizee
Olympia, Wash., Sept. 19 – BofA Finance LLC priced $5 million of 0% Leveraged Index Return Notes due Sept. 29, 2023 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 216% of the index return.
Investors will be fully exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Bloomberg Commodity index
|
| Amount: | $5 million
|
| Maturity: | Sept. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is positive, par plus 216% of index gain; full exposure to any losses
|
| Initial index level: | 82.4563
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 0.6%
|
| Cusip: | 097097802
|
© 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.
