Published on 12/29/2017 in the Prospect News Structured Products Daily.
New Issue: BofA sells $22.14 million Accelerated Return Notes on Regional Banks
By Marisa Wong
Morgantown, W.Va., Dec. 29 – BofA Finance LLC priced $22.14 million of 0% Accelerated Return Notes due Feb. 22, 2019 linked to the S&P Regional Banks Select Industry 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 of $10 plus triple any index gain, up to a maximum return of 17.61%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the underwriter.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P Regional Banks Select Industry index
|
Amount: | $22,143,710
|
Maturity: | Feb. 22, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 17.61%; exposure to any index decline
|
Initial index level: | 1,888.12
|
Final index level: | Average of index’s closing levels on five trading days ending Feb. 19, 2019
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 29
|
Underwriters: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 097097257
|
|
© 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.