Published on 5/11/2018 in the Prospect News Structured Products Daily.
New Issue: BofA prices $8.25 million leveraged basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, May 11 – BofA Finance LLC priced $8.25 million of 0% leveraged notes due April 22, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Bank of America Corp.
If the basket return is positive, the payout at maturity will be par plus 3 times the basket return up to a 77.91% maximum return.
Investors will share in any losses.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $8,246,000
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Maturity: | April 22, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 3 times the basket return, up to 77.91% maximum return; exposure to losses
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Initial index levels: | 3,569.74 for Euro Stoxx 50, 7,662.52 for FTSE 100; 1,772.91 for Topix; 8,984.1 for Swiss Market; 6,108.024 for S&P/ASX 200
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Pricing date: | May 9
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Settlement date: | May 16
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Agent: | BofA Merrill Lynch
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Fees: | 0%
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Cusip: | 09709TEN7
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