New Issue: BofA prices $2.41 million digital return notes linked to Russell, two ETFs

By Wendy Van Sickle

Columbus, Ohio, June 20 – BofA Finance LLC priced $2.41 million of 0% digital return notes due July 10, 2024 linked to the Real Estate Select Sector SPDR fund, the Russell 2000 index and the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least performing asset is greater than or equal to its threshold level, 60% of its initial level, the payout at maturity will be par plus 16%. Otherwise, investors will be exposed to the decline of the least performing asset.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital return notes
Underlying assets:	Real Estate Select Sector SPDR fund, Russell 2000 index and SPDR S&P Bank ETF
Amount:	$2,413,000
Maturity:	July 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of least performing asset is greater than or equal to threshold level, par plus 16%; otherwise, exposure to decline of least performing asset
Initial levels:	$34.78 for real estate fund, 1,767.94 for Russell and $36.05 for SPDR S&P Bank
Barrier levels:	$20.87 for real estate fund, 1,060.764 for Russell and $21.63 for SPDR S&P Bank, or 60% of initial levels
Pricing date:	June 5
Settlement date:	June 8
Agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09711A3M8

© 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.