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 6/2/2021 in the Prospect News Structured Products Daily.

New Issue: BofA prices $9.65 million Leveraged Index Return Notes on Russell 2000 Value

By Wendy Van Sickle

Columbus, Ohio, June 2 – BofA Finance LLC priced $9.65 million of 0% Leveraged Index Return Notes due May 29, 2026 linked to the Russell 2000 Value index, according to a 424B2 filed 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 1.226 times any index gain.

Investors will lose 1% for every 1% decline.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged Index Return Notes
Underlying index:Russell 2000 Value index
Amount:$9,653,410
Maturity:May 29, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.226 times any index gain; 1% loss for every 1% index decline
Initial level:2,506.941
Final level:Average of index closing levels on each of the five trading days ending May 26, 2026
Pricing date:May 27
Settlement date:June 4
Agent:BofA Securities, Inc.
Fees:2.5%
Cusip:09710D392

© 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.