Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: BofA prices $967,000 capped buffered enhanced return notes tied to Russell, S&P
By William Gullotti
Buffalo, N.Y., April 4 – BofA Finance LLC priced $967,000 of 0% capped buffered enhanced return notes due June 3, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 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 1.25 times any gain in the least performing index, up to a to the maximum return amount of par plus 16%.
Investors will receive par if any index falls by up to 10% and will lose 1% for each 1% decline of the least performing index beyond 10%.
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: | Capped buffered enhanced return notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $967,000
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Maturity: | June 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any index gain in least performing index, capped at par plus 16%; par if any index falls by 10% or less; 1% loss per 1% decline of least performing index beyond 10%
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Initial levels: | 4,181.17 for S&P, 2,266.449 for Russell
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Buffer levels: | 3,763.05 for S&P, 2,039.804 for Russell, 90% of initial levels
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Pricing date: | April 30, 2021
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Settlement date: | May 5, 2021
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Selling agent: | BofA Securities, Inc.
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Fees: | 0.675%
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Cusip: | 09709UGA0
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