Published on 8/5/2019 in the Prospect News Structured Products Daily.
New Issue: BofA sells $204,000 notes on S&P 500 Low Volatility High Dividend
By Sarah Lizee
Olympia, Wash., Aug. 5 – BofA Finance LLC priced $204,000 of 0% notes due Jan. 31, 2024 linked to the S&P 500 Low Volatility High Dividend 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 plus any index gain. If the index falls, the payout will be par.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Notes
|
| Underlying index: | S&P 500 Low Volatility High Dividend index
|
| Amount: | $204,000
|
| Maturity: | Jan. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls
|
| Initial level: | 7,072.40
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 3.25%
|
| Cusip: | 09709TUA7
|
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