New Issue: BofA prices $60.14 million Trigger PLUS linked to S&P 500

New York, April 4 – BofA Finance LLC priced $60.14 million of 0% Trigger PLUS due April 2, 2030 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 105.8% of the index return. Investors will receive par if the index return is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent. Morgan Stanley will act as distributor.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger PLUS
Underlying index:	S&P 500 index
Amount:	$60,136,000
Maturity:	April 2, 2030
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 105.8% of index return; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
Initial level:	5,254.35
Trigger level:	3,678.05, 70% of initial level
Upside leverage:	105.8%
Cap:	None
Pricing date:	March 28
Settlement date:	April 3
Agent:	BofA Securities, Inc.
Distributor:	Morgan Stanley
Fees:	3.5%
Cusip:	09711BHC3

© 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.