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 2/6/2024 in the Prospect News Structured Products Daily.

New Issue: BofA sells $1.12 million capped return notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – BofA Finance LLC priced $1.12 million of 0% capped return notes due Jan. 30, 2026 linked to 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 any index gain, capped at $1,130 per $1,000 note.

If the index falls or finishes flat, the payout will be par.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped return notes
Underlying index:S&P 500 index
Amount:$1,122,000
Maturity:Jan. 30, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at $1,130 per $1,000 note; par if index falls or finishes flat
Initial value:4,890.97
Pricing date:Jan. 26
Settlement date:Jan. 31
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:09709V6D3

© 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.