BofA Finance LLC Announces Threshold Price & Initial Reference Price for Cash-Settled Equity-Linked Notes Linked to the Commo...
April 12 2018 - 5:00PM
Business Wire
Following the pricing of its public offering of $250 million of
its Cash-Settled Equity-Linked Notes Linked to the Common Stock of
Voya Financial, Inc. (“Voya”) due May 1, 2023 (the “Notes”), BofA
Finance LLC (“BofA Finance”) today announces the threshold price
and initial reference price of the Notes.
The threshold price of the Notes has been set at $69.5291,
representing a 37.5% premium over the initial reference price of
$50.5666, which equals the arithmetic average of the
volume-weighted average prices of one share of Voya common stock
over the five consecutive trading days beginning on, and including,
April 6, 2018 and ending on, and including, April 12, 2018.
Settlement and delivery of the Notes took place on April 10,
2018.
BofA Finance and Bank of America Corporation (“BAC”) have filed
a registration statement (which includes a prospectus) with the
Securities and Exchange Commission (“SEC”) for the notes that are
described in this document. Before you invest, you should carefully
read the prospectus in that registration statement and other
documents that BofA Finance and BAC have filed with the SEC for
more complete information about BofA Finance, BAC and this
offering. You may obtain these documents without cost by visiting
EDGAR on the SEC website at www.sec.gov. BofA Finance's Central
Index Key (CIK) on the SEC website is 1682472 and BAC’s CIK on the
SEC website is 70858. Alternatively, Merrill Lynch, Pierce, Fenner
& Smith Incorporated will arrange to send you the prospectus
and other documents relating to any offering described in this
document if you so request by calling toll-free 1.800.294.1322.
BofA Finance and BAC face risks that are specific to their
respective businesses, and we encourage you to carefully consider
these risks before making an investment in their respective
securities.
Bank of AmericaBank of America is one of the world's leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
47 million consumer and small business relationships with
approximately 4,500 retail financial centers, approximately 16,000
ATMs, and award-winning digital banking with approximately 35
million active users, including approximately 24 million mobile
users. Bank of America is a global leader in wealth management,
corporate and investment banking and trading across a broad range
of asset classes, serving corporations, governments, institutions
and individuals around the world. Bank of America offers
industry-leading support to approximately 3 million small business
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations in all
50 states, the District of Columbia, the U.S. Virgin Islands,
Puerto Rico and more than 35 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom. Click here to register for news email alerts.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20180412006374/en/
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Jonathan G. Blum, Bank of America (Fixed Income),
1.212.449.3112Reporters May Contact:Jerry Dubrowski, Bank of
America, 1.646.855.1195jerome.f.dubrowski@bankofamerica.com
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