E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/3/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $3.6 million Accelerated Return Notes linked to index basket

By William Gullotti

Buffalo, N.Y., Jan. 3 – BofA Finance LLC priced $3.6 million of 0% Accelerated Return Notes due Feb. 23, 2024 linked to an equally weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index and the MSCI Emerging Markets index.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 23.1%. Investors will be exposed to any basket decline.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:Euro Stoxx 50 index, MSCI Emerging Markets index; equal weights
Amount:$3,599,500
Maturity:Feb. 23, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus three times any basket gain, up to a maximum return of 23.1%; investors will be fully exposed to any basket decline
Initial index levels:3,823.29 for Stoxx, 964.06 for MSCI
Pricing date:Dec. 22
Settlement date:Dec. 28
Underwriter:BofA Securities, Inc.
Fees:1.75%
Cusip:06054E259

© 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.