New Issue: BofA prices $11.84 million trigger callable yield notes linked to Dow, Russell

Chicago, June 20 – BofA Finance LLC priced $11.84 million of 10% trigger callable yield notes due Sept. 6, 2024 linked to the least performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par of $10 unless the laggard index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of that index.

UBS Financial Services Inc. and BofA Securities, Inc. are the agents.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger callable yield notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index
Amount:	$11,837,270
Maturity:	Sept. 6, 2024
Coupon:	10% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless laggard index finishes below downside threshold, in which case 1% loss for each 1% decline of that index
Call option:	At par on any coupon date starting after three months
Initial levels:	32,908.27 for Dow, 1,749.65 for Russell
Downside thresholds:	19,744.96 for Dow, 1,049.79 for Russell; 60% of initial levels
Pricing date:	May 31
Settlement date:	June 5
Underwriter:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	0%
Cusip:	09710K669

© 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.