Published on 2/5/2019 in the Prospect News Structured Products Daily.
New Issue: BofA Finance prices $25.8 million digital notes linked to Nasdaq-100
By Angela McDaniels
Tacoma, Wash., Feb. 5 – BofA Finance LLC priced $25.8 million of 0% digital notes due April 30, 2020 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 8.45%. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
BofA Merrill Lynch is the underwriter.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
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Issue: | Digital notes
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Underlying index: | Nasdaq-100
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Amount: | $25,795,000
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Maturity: | April 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, plus 8.45%; otherwise, 1.17647% loss for every 1% that index declines beyond 15%
|
Initial index level: | 6,875.518
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Pricing date: | Feb. 1
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Settlement date: | Feb. 8
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Underwriters: | BofA Merrill Lynch
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Fees: | 0.93%
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Cusip: | 09709TKZ3
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