Published on 4/9/2024 in the Prospect News Structured Products Daily.
New Issue: BofA prices $1.08 million capped return notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., April 9 – BofA Finance LLC priced $1.08 million of 0% capped return notes due March 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 gain of the index, capped at par plus 13%.
Otherwise, 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: | $1,075,000
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| Maturity: | March 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain in the index, capped at par plus 13%; otherwise, par
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| Initial value: | 5,218.19
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| Pricing date: | March 25
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| Settlement date: | March 28
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.25%
|
| Cusip: | 09711B2Q8
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