BofA plans to price leveraged buffered notes linked to MSCI EAFE

By Sarah Lizee

Olympia, Wash., March 19 – BofA Finance LLC plans to price 0% leveraged buffered notes due in 19 to 22 months linked to the MSCI EAFE 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 positive, the payout at maturity will be par plus 170% of the index return, capped at par plus 23.256% to 27.285%.

Investors will receive par if the index declines by 10% or less and will lose 1.11111% for every 1% that it declines beyond 10%.

BofA Merrill Lynch is the underwriter.

The Cusip number is 09709TPG0.

© 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.