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
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Guarantor: | Bank of America Corp.
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Issue: | Leveraged buffered notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $250,000
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Maturity: | May 29, 2020
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Coupon: | 0%
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Price: | Par
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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%
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Initial level: | 3,278.72
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Threshold level: | 2,786.91, 85% of initial level
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | BofA Merrill Lynch
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Fees: | 2.25%
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Cusip: | 09709TDQ1
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