Published on 3/17/2022 in the Prospect News Structured Products Daily.
New Issue: BofA prices $2 million buffered enhanced return notes linked to three indexes
By William Gullotti
Buffalo, N.Y., March 17 – BofA Finance LLC priced $2 million of 0% buffered enhanced return notes due April 19, 2023 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 105% of the least performing index return. Investors will receive par if the least performing index declines by 15.5% or less and will lose 1% for every 1% that the worst performing index declines beyond 15.5%.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Buffered enhanced return notes
|
Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
|
Amount: | $2 million
|
Maturity: | April 19, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index return is positive, par plus 105% of least performing index return; par if least performing index declines by15.5% or less; 1% loss for every 1% that worst performing index declines beyond 15.5%
|
Initial levels: | 4,173.11 for S&P, 1,941.719 for Russell, 13,046.64 for Nasdaq
|
Buffer levels: | 3,526.28 for S&P, 1,640.753 for Russell, 11,024.41 for Nasdaq; 84.5% of initial levels
|
Pricing date: | March 14
|
Settlement date: | March 17
|
Selling agent: | BofA Securities, Inc.
|
Fees: | 0.35%
|
Cusip: | 09709UH76
|
|
© 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.