BofA Finance LLC (the "Issuer" or "BofA Finance") today announces the launch of a public offering of its Cash-Settled Equity-Linked Notes Linked to the Common Stock of Voya Financial, Inc. ("Voya") due May 1, 2023 (the "Notes"). Bank of America Corporation ("BAC") will fully and unconditionally guarantee the Issuer's obligations under the Notes.
The Notes are expected to pay interest semi-annually in arrears and will be cash-settled only at maturity or upon early conversion at the option of the holder. The amount of cash payable at maturity or upon early conversion will be based on the volume-weighted average price of the common stock of Voya.
The Notes will be issued with a minimum purchase of $100,000 and whole multiples of $1,000 in excess thereof at an issue price of 100 percent of the principal amount, and will mature on May 1, 2023 unless earlier converted (for cash). Settlement and delivery of the Notes are expected to take place on April 10, 2018. Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") is acting as sole book running manager.
BofA Finance and 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, or CIK, on the SEC website is 1682472 and BAC's CIK on the SEC website is 70858. Alternatively, Merrill Lynch 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 America
Bank 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
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.
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