Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: BofA sells $20.36 million four-year Mitts linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 29 – BofA Finance LLC priced $20.36 million of 0% Market Index Target-Term Securities due May 27, 2022 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.
The payout at maturity will be par of $10 plus 130.5% of any index gain.
If the index falls, the payout will be par.
BofA Merrill Lynch is the underwriter.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Market Index Target-Term Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $20,360,890
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Maturity: | May 27, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 130.5% of any index gain; if the index falls, par
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Initial index level: | 3,521.76
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Final index level: | Average of index’s closing levels on five trading days ending May 24, 2022
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Pricing date: | May 24
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Settlement date: | June 1
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Underwriter: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 06746R338
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