New Issue: BofA prices $2.04 million digital notes due 2020 tied to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., Oct. 25 – BofA Finance LLC priced $2.04 million of 0% digital notes due May 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index return is greater than or equal to negative 12.5%, the payout at maturity will be $1,150.40 per $1,000 principal amount of notes. Otherwise, investors will lose 1.14286% for every 1% that the index declines beyond 12.5%.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50 index
Amount:	$2.04 million
Maturity:	May 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 12.5%, $1,150.40 per $1,000 principal amount of notes; otherwise, 1.14286% loss for every 1% that index declines beyond 12.5%
Initial index level:	3,140.94
Pricing date:	Oct. 23
Settlement date:	Oct. 30
Underwriter:	BofA Merrill Lynch
Fees:	None
Cusip:	09709TMN8

© 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.