Published on 2/26/2018 in the Prospect News Structured Products Daily.
New Issue: BofA prices $44.84 million Capped Leveraged Index Return Notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 26 – BofA Finance LLC priced $44.84 million of 0% Capped Leveraged Index Return Notes due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 39%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $44,844,550
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Maturity: | Feb. 28, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, return capped at 39%; par if index falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,431.99
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Threshold level: | 3,088.79, 90% of initial level
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Pricing date: | Feb. 22
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Settlement date: | March 1
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 097097315
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