BofA Finance LLC is offering callable contingent income securities at $1,000 per security, with $980.00 going to BofA Finance after a $15.00 commission and $5.00 structuring fee. The securities are not exchange-listed or insured, and their secondary-market value may vary with market conditions and creditworthiness.
Key Highlights
- The securities are due October 5, 2028, with payments based on the worst-performing of three named Equity indexes.
- The estimated value on the pricing date ranges from $920.00 to $970.00 per $1,000 in principal amount.
- Priced at $1,000 per security, with $980.00 designated as proceeds to BofA Finance.
- The agent’s commission is $15.00 per security, and BofA Securities, Inc. is participating as agent.
BofA Finance LLC is offering callable contingent income securities priced at $1,000 per security, with $980.00 designated as proceeds to BofA Finance. The securities provide exposure to U.S. and international equities through a structure linked to named equity indexes.
$1,000 Securities Carry $15.00 Commission
The public offering price is $1,000 for each security. BofA Finance receives $980.00 per security, while the agent’s commission is $15.00. BofA Securities, Inc. an affiliate of BofA Finance, is participating as agent in the distribution.
Secondary-Market Value Can Vary
They will not be listed on a securities exchange, and BofA Finance cannot assure that a trading market will develop or continue. Their value after issuance may be affected by the underlying indexes, BofA Finance’s and Bank of America Corporation (NYSE: BAC)’s creditworthiness, and market conditions. Trading and hedging activity by BofA Finance, the guarantor and affiliates including BofA Securities may create conflicts of interest and adversely affect returns or market value.
FAQs
Q: What is the price of BofA Finance’s callable contingent income securities?
A: The public price is $1,000 per security. BofA Finance’s stated proceeds are $980.00 per security after the listed commission and structuring fee.
Q: Are BofA Finance callable securities exchange-listed?
A: No. BofA Finance states that the securities will not be listed on a securities exchange, and it cannot assure that a trading market will develop or remain available.
Q: When are BofA Finance’s callable securities due?
A: The securities are due October 5, 2028. Their payments are based on the worst-performing of the S&P 500 Index, Russell 2000 Index and NASDAQ-100 Index.
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