Published on 5/28/2019 in the Prospect News Structured Products Daily.
New Issue: BofA sells $510,000 0% notes due 2022 on Adobe, Coca-Cola
By Wendy Van Sickle
Columbus, Ohio, May 28 – BofA Finance LLC priced $510,000 of 0% notes due May 26, 2022 linked to the worst performing of the common stocks of Adobe, Inc. and Coca-Cola Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If each stock finishes at or above its initial level, the payout at maturity will be par plus the gain of the lesser-performing index, up to a 25% maximum gain.
Otherwise, the payout will be par.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Notes
|
Underlying stocks: | Adobe, Inc. and Coca-Cola Co.
|
Amount: | $510,000
|
Maturity: | May 26, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each stock finishes at or above initial level, par plus return of lesser performing stock up to a 25% maximum gain; otherwise, par
|
Initial value: | $281.82 for Adobe, $49.65 for Coca-Cola
|
Pricing date: | May 22
|
Settlement date: | May 28
|
Underwriter: | BofA Merrill Lynch
|
Fees: | 2.8%
|
Cusip: | 09709TSN2
|
|
© 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.