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 plans to price digital notes linked to Nasdaq-100 index
By Angela McDaniels
Tacoma, Wash., Jan. 29 – BofA Finance LLC plans to price 14- to 16-month 0% digital notes linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
If the index return is greater than or equal to negative 15%, the payout at maturity will be the threshold settlement amount. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
The threshold settlement amount is expected to be $1,078.20 to $1,029.00 per $1,000 principal amount of notes.
The exact maturity date and maximum payment amount will be set at pricing.
BofA Merrill Lynch is the agent. The Cusip number is 09709TKZ3.
© 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.