Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: BofA prices $4.54 million buffered enhanced return notes on S&P 500 Futures Excess Return
By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – BofA Finance LLC priced $4.54 million of 0% buffered enhanced return notes due Feb. 9, 2029 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 187% of the index return. The payout will be par if the index falls by up to 20%. Otherwise, investors will have exposure to losses beyond 20%.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Buffered enhanced return notes
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Underlying index: | S&P 500 Futures Excess Return index
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Amount: | $4,541,000
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Maturity: | Feb. 9, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 187% of index return; par if index falls by up to 20%; otherwise, exposure to losses beyond 20%
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Initial level: | 440.12
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Threshold level: | 352.1, 80% of initial level
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Pricing date: | Feb. 7
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Settlement date: | Feb. 12
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Agent: | BofA Securities, Inc.
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Fees: | 0.5%
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Cusip: | 09710PVB9
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