Published on 4/6/2017 in the Prospect News Structured Products Daily.
New Issue: BofA Finance sells $3.61 million Accelerated Return Notes on JPX-Nikkei
By Marisa Wong
Morgantown, W.Va., April 6 – BofA Finance LLC priced $3.61 million of 0% Accelerated Return Notes due May 25, 2018 linked to the JPX-Nikkei Index 400, according to a 424B2 filing 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 300% of any index gain, subject to a maximum return of 17.61%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying index: | JPX-Nikkei Index 400
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Amount: | $3,605,000
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Maturity: | May 25, 2018
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 17.61%; exposure to any index decline
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Initial level: | 13,815.79
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Final level: | Average of closing levels on five trading days ending May 22, 2018
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Pricing date: | March 28
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Settlement date: | April 6
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 097096291
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