Chicago, Nov. 14 – BofA Finance LLC priced $8.7 million of 0% market-linked one look notes due Nov. 25, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETF finishes flat or gains, the payout at maturity will be par plus 27.3%.
Investors will be fully exposed to any ETF decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked one look notes
|
| Underlying fund: | VanEck Gold Miners ETF
|
| Principal amount: | $8,695,000
|
| Maturity: | Nov. 25, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 27.3% unless ETF finishes below its initial price, in which case full exposure to losses
|
| Initial price: | $27.59
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 16
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 09710N259
|
© 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.
