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Published on 8/5/2020 in the Prospect News Structured Products Daily.

New Issue: BofA sells $51.02 million Accelerated Return Notes linked to Euro Stoxx

By Marisa Wong

Los Angeles, Aug. 5 – BofA Finance LLC priced $51,022,490 of 0% Accelerated Return Notes due Sept. 24, 2021 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, up to a maximum payout of par plus 15.69%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50 index
Amount:$51,022,490
Maturity:Sept. 24, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 15.69%; full exposure to any index decline
Initial index level:3,208.20
Pricing date:July 30
Settlement date:Aug. 6
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:09710C626

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