Published on 11/30/2020 in the Prospect News Structured Products Daily.
New Issue: BofA prices $28.97 million Accelerated Return Notes on Euro Stoxx 50
By Marisa Wong
Los Angeles, Nov. 30 – BofA Finance LLC priced $28.97 million of 0% Accelerated Return Notes due Jan. 28, 2022 linked to the Euro Stoxx 50 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, capped at par plus 14.52%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the underwriter.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $28,972,280
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Maturity: | Jan. 28, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 14.52%, full exposure to any index decline
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Initial level: | 3,507.98
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Final level: | Average of index’s closing levels on five trading days ending Jan. 25, 2022
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Pricing date: | Nov. 24
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Settlement date: | Dec. 2
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Agent: | BofA Securities, Inc.
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Fees: | 1.5%
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Cusip: | 09710C832
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