Published on 4/1/2022 in the Prospect News Structured Products Daily.
New Issue: BofA Finance sells $1.94 million buffered digital return notes on Nasdaq, Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, April 1 – BofA Finance LLC priced $1.94 million of 0% buffered digital return notes due May 4, 2023 linked to the Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par plus 12.4% if the worst performer finishes at or above 70% of its initial level.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index.
BofA Securities, Inc.is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Buffered digital return notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,943,000
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| Maturity: | May 4, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 12.4% if lesser-performing index finishes at or above 70% of initial level; otherwise, loss of 1% for every 1% decline of lesser-performing index
|
| Initial levels: | 2,133.096 for Russell, 15,239.32 for Nasdaq, 35,294.19 for Dow
|
| Threshold level: | 1,493.167 for Russell, 10,667.52 for Nasdaq, 24,705.93 for Dow, 70% of initial levels
|
| Pricing date: | March 29
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| Settlement date: | March 31
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 0.25%
|
| Cusip: | 09709UJ25
|
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