E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/16/2018 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $250,000 leveraged buffered notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., April 16 – BofA Finance LLC priced $250,000 of 0% leveraged buffered notes due May 29, 2020 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 positive, the payout at maturity will be par plus 1.45 times the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

BofA Merrill Lynch is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged buffered notes
Underlying index:Euro Stoxx 50 index
Amount:$250,000
Maturity:May 29, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.45 times index return; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
Initial level:3,278.72
Threshold level:2,786.91, 85% of initial level
Pricing date:March 26
Settlement date:March 29
Agent:BofA Merrill Lynch
Fees:2.25%
Cusip:09709TDQ1

© 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.