BofA Finance plans to price notes due 2024 linked to the Dow

By Sarah Lizee

Olympia, Wash., July 29 – BofA Finance LLC plans to price 0% notes due August 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at par plus 78% to 98%.

Investors will lose 1% for every 1% decline of the index.

BofA Securities, Inc. is the agent.

The notes will price in August.

© 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.