New Issue: BofA sells $15.37 million Accelerated Return Notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, May 30 – BofA Finance LLC priced $15.27 million of 0% Accelerated Return Notes due July 26, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the S&P 500 index with a 60% weight, the MSCI Emerging Markets index with a 20% weight, the Euro Stoxx 50 index with a 10% weight and the Nikkei Stock Average index with a 10% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 11.05%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying indexes:	S&P 500 (60% weight), MSCI Emerging Markets index (10% weight), Euro Stoxx 50 (10% weight) and Nikkei Stock Average (10% weight)
Amount:	$15,371,980
Maturity:	July 26, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple any basket gain, capped at 11.05%; exposure to any basket decline
Initial levels:	2,727.76 for S&P 500, 1,135.06 for MSCI Emerging Markets, 3,521.76 for Stoxx, 22,437.01 for Nikkei
Pricing date:	May 24
Settlement date:	June 1
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	097097588

© 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.