Published on 3/27/2020 in the Prospect News Structured Products Daily.
New Issue: BofA Finance prices $375,000 digital notes linked to MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, March 27 – BofA Finance LLC priced $375,000 of 0% digital index-linked notes due Jan. 12, 202 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 12.5%, the payout at maturity will be par plus 24%. Otherwise, investors will lose 1.14286% for every 1% that the index declines beyond 12.5%.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the underwriter.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Digital index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $375,000
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Maturity: | Jan. 12, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 12.5%, par plus 24%; otherwise, 1.14286% loss for every 1% that index declines beyond 12.5%
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Initial level: | 1,393.92
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Pricing date: | March 20
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Settlement date: | March 27
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Underwriter: | BofA Securities, Inc.
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Fees: | None
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Cusip: | 09709TD32
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