Published on 6/2/2023 in the Prospect News Structured Products Daily.
New Issue: BofA prices $1 million digital return notes linked to Russell, Nasdaq
By Angela McDaniels
Tacoma, Wash., June 2 – BofA Finance LLC priced $1 million of 0% digital return notes due July 3, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser performing index is greater than or equal to its threshold level, 70% of its initial level, the payout at maturity will be par plus 11%. Otherwise, investors will be exposed to the decline of the lesser performing index.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Digital return notes
|
Underlying indexes: | Russell 2000 index and Nasdaq-100 index
|
Amount: | $1,001,000
|
Maturity: | July 3, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final level of lesser performing index is greater than or equal to threshold level, par plus 11%; otherwise, exposure to decline of lesser performing index
|
Initial levels: | 1,767.292 for Russell and 14,354.99 for Nasdaq
|
Barrier levels: | 1,237.104 for Russell and 10,048.49 for Nasdaq, or 70% of initial levels
|
Pricing date: | May 30
|
Settlement date: | June 2
|
Agent: | BofA Securities, Inc.
|
Fees: | 1%
|
Cusip: | 09709VXL5
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.