Published on 11/1/2021 in the Prospect News Structured Products Daily.
New Issue: BofA prices $15.07 million accelerated return notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – BofA Finance LLC priced $15.07 million of 0% Accelerated Return Notes due Dec. 23, 2022 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a weight of 30% and the Russell 2000 index with a weight of 10%.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 12.15%. 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
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Guarantor: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying indexes: | S&P 500 (60% weight), Euro Stoxx 50 (30% weight), Russell 2000 index (10% weight)
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Amount: | $15,066,400
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Maturity: | Dec. 23, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any basket gain, up to a maximum return of 12.15%; investors will be exposed to any basket decline
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Initial index levels: | 4,596.42 for S&P, 4,233.87 for Stoxx, 2,297.979 for Russell
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Final level: | Average of index’s closing levels on five trading days ending Dec. 20, 2022
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Pricing date: | Oct. 28
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Settlement date: | Nov. 4
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 09710D798
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