Published on 6/28/2022 in the Prospect News Structured Products Daily.
New Issue: BofA Finance prices $14.32 million Accelerated Return Notes on energy index
By William Gullotti
Buffalo, N.Y., June 28 – BofA Finance LLC priced $14.32 million of 0% Accelerated Return Notes due Aug. 25, 2023 linked to the Energy Select Sector index, 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 of $10 plus triple any index gain, subject to a maximum payout of par plus 39.4%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the underwriter.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
|
Underlying index: | Energy Select Sector index
|
Amount: | $14,317,110
|
Maturity: | Aug. 25, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at par plus 39.4%; otherwise, 1% loss for every 1% decline of index from initial value
|
Initial value: | 742.42
|
Pricing date: | June 23
|
Settlement date: | June 30
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 09710F678
|
|
© 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.