Published on 6/5/2019 in the Prospect News Structured Products Daily.
New Issue: BofA Finance prices $3.15 million digital notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 5 – BofA Finance LLC priced $3.15 million of 0% digital notes due May 19, 2021 linked to the Euro Stoxx 50 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 14.6%. 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.
|
Issue: | Digital notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $3,153,000
|
Maturity: | May 19, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 15%, par plus 14.6%; otherwise, 1.17647% loss for every 1% that index declines beyond 15%
|
Initial index level: | 3,280.43
|
Pricing date: | May 31
|
Settlement date: | June 7
|
Underwriters: | BofA Merrill Lynch
|
Fees: | 0%
|
Cusip: | 09709TSF9
|
|
© 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.