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