Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BofA Finance LLC > News item |
BofA Finance to price Accelerated Return Notes on S&P MidCap 400
By Sarah Lizee
Olympia, Wash., Jan. 28 – BofA Finance LLC plans to price 0% Accelerated Return Notes due April 2020 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Corp. will guarantee the notes.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return that is expected to be 10% to 14% and will be set at pricing. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
The notes will price and settle in February.
© 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.