New Issue: BofA Finance prices $1.01 million digital return notes linked to S&P, Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., March 14 – BofA Finance LLC priced $1.01 million of 0% digital return notes due June 11, 2025 linked to the performance of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the lowest performing index finishes at or above its 70% threshold level, the payout at maturity will be par plus 11%.

Otherwise, investors will be fully exposed to the decline of the lowest performing index from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital return notes
Underlying indexes:	Russell 2000 index, S&P 500 index, Nasdaq-100 index
Amount:	$1,011,000
Maturity:	June 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11% if lowest performing index finishes at or above threshold level; otherwise, loss of 1% for every 1% decline of lowest performing index from initial level
Initial levels:	5,104.76 for S&P, 18,017.57 for Nasdaq, 2,068.089 for Russell
Threshold levels:	3,573.33 for S&P, 12,612.3 for Nasdaq, 1,447.662 for Russell; 70% of initial levels
Pricing date:	March 6
Settlement date:	March 11
Selling agent:	BofA Securities, Inc.
Fees:	0.4%
Cusip:	09711B4J2

© 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.