Published on 3/1/2022 in the Prospect News Structured Products Daily.
New Issue: BofA prices $9.24 million Accelerated Return Notes linked to stock basket
By William Gullotti
Buffalo, N.Y., March 1 – BofA Finance LLC priced $9.24 million of 0% Accelerated Return Notes due April 28, 2023 linked to an equally-weighted stock basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the stocks of Airbnb, Inc., Boeing Co. and Uber Technologies, Inc..
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 32.76%. Investors will be exposed to any basket decline.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the underwriter.
Issuer: | BofA Finance LLC
|
Guarantor: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
|
Underlying stocks: | Airbnb, Inc. (33.34% weight), Boeing Co. (33.33% weight), Uber Technologies, Inc. (33.33% weight)
|
Amount: | $9,236,000
|
Maturity: | April 28, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus three times any basket gain, up to a maximum return of 32.76%; investors will be fully exposed to any basket decline
|
Initial levels: | $158.26 for Airbnb, $198.43 for Boeing, $34.87 for Uber
|
Pricing date: | Feb. 24
|
Settlement date: | March 3
|
Underwriter: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 09710F280
|
|
|
|
© 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.