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 2/2/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $5.33 million capped enhanced return notes linked to three indexes

By William Gullotti

Buffalo, N.Y., Feb. 2 – BofA Finance LLC priced $5.33 million of 0% capped enhanced return notes due Jan. 29, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If each index return is positive, the payout at maturity will be par plus 300% of the least performing index return, subject to a maximum payout of par plus 54%.

Investors will receive par if the least performing index declines by 30% or less. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped enhanced return notes
Underlying indexes:S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:$5,325,000
Maturity:Jan. 29, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index return is positive, par plus 300% of least performing index return, capped at par plus 54%; par if least performing index declines by 30% or less; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:4,060.43 for S&P, 1,903.064 for Russell, 12,051.48 for Nasdaq
Threshold levels:2,842.3 for S&P, 1,332.145 for Russell, 8,436.04 for Nasdaq; 70% of initial levels
Pricing date:Jan. 26
Settlement date:Jan. 31
Selling agent:BofA Securities, Inc.
Fees:2.85%
Cusip:09709VDQ6

© 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.