Published on 12/6/2021 in the Prospect News Structured Products Daily.
New Issue: BofA Finance sells $1.12 million buffered digital return notes on S&P, Russell
Chicago, Dec. 6 – BofA Finance LLC priced $1.12 million of 0% buffered digital return notes due April 3, 2024 linked to the least performing of the S&P 500 index and Russell 2000 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 plus 24% if the worst performer finishes at or above 90% of its initial level.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index beyond the 10% buffer level.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Buffered digital return notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $1,120,000
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Maturity: | April 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 24% if lesser-performing index finishes at or above threshold level; otherwise, loss of 1% for every 1% decline of lesser-performing index beyond 10% buffer
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Initial levels: | 3,971.09 for S&P, 2,158.682 for Russell
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Threshold level: | 3,573.98 for S&P, 1,942.814 for Russell, 90% of initial levels
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Pricing date: | March 29
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Settlement date: | April 1
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Selling agent: | BofA Securities, Inc.
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Fees: | 0.25%
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Cusip: | 09709UFJ2
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