By William Gullotti
Buffalo, N.Y., June 1 – BofA Finance LLC priced $6.45 million of 0% Accelerated Return Notes due July 28, 2023 linked to the VanEck Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus triple any ETF gain, subject to a maximum payout of par plus 29.1%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Accelerated Return Notes
|
| Underlying fund: | VanEck Semiconductor ETF
|
| Amount: | $6,447,680
|
| Maturity: | July 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 29.1%; otherwise 1% loss for every 1% decline of ETF from initial value
|
| Initial value: | $236.23
|
| Pricing date: | May 26
|
| Settlement date: | June 3
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 09710F595
|
|
|
© 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.
