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 3/3/2020 in the Prospect News Structured Products Daily.

New Issue: BofA prices $34.95 million Accelerated Return Notes on index basket

Chicago, March 3 – BofA Finance LLC priced $34.95 million of 0% Accelerated Return Notes due April 30, 2021 linked to a global equity basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 17.72%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:$34,948,890
Maturity:April 30, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any basket gain, subject to a maximum return of 17.72%; full exposure to any basket decline
Initial levels:3,455.92 for Stoxx, 6,796.40 for FTSE, 21,948.23 for Nikkei, 10,205.46 for Swiss, 6,657.852 for S&P/ASX, 26,778.62 for Hang Seng
Pricing date:Feb. 27
Settlement date:March 5
Underwriters:BofA Securities, Inc.
Fees:2%
Cusip:09710C428

© 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.