Published on 2/6/2020 in the Prospect News Structured Products Daily.
New Issue: BofA Finance sells $925,000 buffered digital return notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – BofA Finance LLC priced $925,000 of 0% buffered digital return notes due Feb. 3, 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 plus 20% if the index finishes at or above its initial level.
If the index declines by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
BofA Merrill Lynch. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Buffered digital return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $925,000
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Maturity: | Feb. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 20% if index finishes at or above initial level; if index declines by up to 10%, par; otherwise, loss of 1% for every 1% index decline beyond 10%
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Initial levels: | 3,640.91
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Threshold level: | 3,276.82, 90% of initial levels
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | BofA Securities, Inc.
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Selling agent: | BofA Merrill Lynch
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Fees: | 0.5%
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Cusip: | 09709TZK0
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