Published on 5/4/2021 in the Prospect News Structured Products Daily.
New Issue: BofA prices $18.51 million Leveraged Index Return Notes on Euro Stoxx
By Marisa Wong
Los Angeles, May 4 – BofA Finance LLC priced $18.51 million of 0% Leveraged Index Return Notes due April 24, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filed 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 1.75 times any index gain.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
BofA Securities, Inc. is the agent.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50 index
|
Amount: | $18,506,690
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Maturity: | April 24, 2026
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Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.75 times any index gain; if index falls by up to 20%, par; otherwise, 1% loss for every 1% index decline beyond 20%
|
Initial level: | 3,996.90
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Threshold level: | 3,197.52, 80% of initial level
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Final level: | Average of index closing levels on each of the five trading days ending April 21, 2026
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Pricing date: | April 29
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Settlement date: | May 6
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Agent: | BofA Securities, Inc.
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Fees: | 2.5%
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Cusip: | 09710D301
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