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