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Name | Symbol | Market | Type |
---|---|---|---|
Bank of America Corp. Prfd L | NYSE:BMLPL | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
|
Autocallable Market-Linked Step Up Notes Linked to
the Hang Seng China Enterprises Index
|
This graph
assumes that the notes are not called on any Observation Date and
reflects the hypothetical return on the notes
at maturity
. This graph has been prepared for purposes of illustration only
.
|
Issuer
|
BofA Finance LLC (
BofA
Finance
)
|
|
Guarantor
|
Bank of America Corporation (
BAC
)
|
|
Principal Amount
|
$10.00 per unit
|
|
Term
|
Approximately
three
years, if not called
|
|
Market Measure
|
The Hang Seng China Enterprises Index (Bloomberg symbol: HSCEI)
|
|
Automatic Call
|
The notes will be called automatically on any Observation Date if the closing level of the Market Measure is equal to or greater than the Call Level
|
|
Call Level
|
100% of the Starting Value
|
|
Observation Dates
|
Approximately one year
and
two
years from the pricing date
|
|
Call Amount
|
$
1
1.20
if called on the first Observation Date
and
$
12.40
if called on the
final
Observation Date
|
|
Payout Profile at Maturity
|
●
If the Market Measure is flat or increases up to the Step Up Value, a return equal to the Step Up Payment
●
If the Market Measure increases above the Step Up Value, a return equal to the percentage increase in the Market Measure
●
1-to-1 downside exposure to decreases in the Market Measure with up
to 100
% of your principal at risk
|
|
Step Up Value
|
[128% to 134
%]
of the Starting Value
, to be determined on the pricing date.
|
|
Step Up Payment
|
[
$
2.80 to $3.4
0]
per unit, a
[28.00 to 34
.00
%
]
return over the principal amount
, to be determined on the pricing date.
|
|
Threshold Value
|
100
% of the Starting Value
|
|
Interest Payments
|
None
|
|
Preliminary Offering Documents
|
https://www.sec.gov/Archives/edgar/data/70858/000152041219000857/bac-5k3djxqnzeqnqefe_2765.htm | |
Exchange
Listing
|
No
|
●
|
If your notes are not called prior to maturity, your investment may result in a loss; there is no guaranteed return of principal.
|
●
|
Payments on the notes are subject to the credit risk of BofA
Finance
and the credit risk of BAC, and actual or perceived changes in the creditworthiness of BofA
Finance
or
BAC are
expected to affect the value of the notes. If BofA
Finance
and BAC become insolvent or are unable to pay their respective obligations, you may lose your entire investment.
|
●
|
The initial estimated value of the notes on the pricing date will be less than their public offering price.
|
●
|
If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
|
●
|
If called, your re
turn on the notes
is limited to the applicable Call Premium.
|
●
|
You will have no rights of a holder of the securities represented by the Market Measure, an
d you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.
|
●
|
Your return on the notes may be affected by factors affecting the international securities markets, specifically changes within the People’s Republic of China.
|
●
|
An investment in the notes will involve risks that are associated with investments that are linked to the equity securities of issuers from an emerging market.
|
1 Year Bank of America Corp. Prfd L Chart |
1 Month Bank of America Corp. Prfd L Chart |
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