Published on 8/3/2021 in the Prospect News Structured Products Daily.
New Issue: BofA prices $7.31 million market-linked one look notes on Gold Miners ETF
By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – BofA Finance LLC priced $7.31 million of 0% market-linked one look notes due July 8, 2022 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETF finishes flat or gains, the payout at maturity will be par plus 21.4%. Otherwise, investors will be fully exposed to any ETF 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: | Market-linked one look notes
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Underlying ETF: | VanEck Vectors Gold Miners ETF
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Principal amount: | $7,308,590
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Maturity: | July 8, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 21.4% unless ETF finishes below its initial price, in which case full exposure to losses
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Initial price: | $35.07
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Pricing date: | July 29
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Settlement date: | Aug. 5
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.5%
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Cusip: | 09710D491
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