E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.