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Purpose of this website
This Website provides you with (a) Key Information Documents (KIDs), as required by Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014, as amended from time to time (the PRIIPs Regulation) in the European Economic Area (EEA), and Regulation (EU) No 1286/2014 as it forms part of domestic law (the UK PRIIPs Regulation) by virtue of the European Union (Withdrawal) Act 2018 (the EUWA) in the United Kingdom (UK) on KIDs for packaged retail and insurance-based investment products (PRIIPs), and (b) related Programme and other product documents that are published for information purposes only.
This Website has also been elected as place of publication of Prospectuses and related documentation for the purpose of listing certain products on the Luxembourg Stock Exchange’s Regulated Market (the Listing Documentation) and certain notices required to be published by Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, as amended from time to time (EU MAR) or EU MAR as it forms part of domestic law in the UK (UK MAR) by virtue of the European Union (Withdrawal) Act 2018 as amended from time to time including by the Market Abuse Exit Regulations 2019 and the Financial Services Act 2021.
You can access the PRIIPs KIDs, Listing Documentation and notices required by EU MAR or UK MAR through the "Document Search" tab, searching by ISIN. The Programme documents are accessible through the link under the "Programme Documents" tab.
The documentation you can find on this Website may relate to structured products sold through private placement only.
PRIIPs Regulation and the UK PRIIPs Regulation
The PRIIPs Regulation has applied in the EEA from 1 January 2018, aiming to increase the transparency and comparability of investment products through the publication of a standardized short form disclosure document - the KID. In the UK, as a result of Brexit, the EUWA and regulations made under EUWA transposed the PRIIPs Regulation regime in the EEA into UK law with effect from 1 January 2021.
The PRIIPs Regulation and the UK PRIIPs Regulation are intended to make it easier for retail investors in the EEA and the UK to understand and compare the key features, risk, rewards and costs of different products in scope of the PRIIPs Regulation or the UK PRIIPs Regulation, as applicable, through the provision of the KID. This is a free-of-charge pre-contractual, stand-alone document that is to be shared with the investor prior to the conclusion of any transaction and updated throughout the lifetime of the PRIIP, where the PRIIP continues to be made available. The KIDs are not marketing material and do not constitute a recommendation or offer to purchase the investment products.
The PRIIPs Regulation applies to PRIIPs products and services made available within the EEA, regardless of the nationality of an investor. With respect to PRIIPs products and services made available within Switzerland, the provision of a KID which complies with the PRIIPs Regulation will satisfy the Swiss requirements on PRIIPs.
The UK PRIIPs Regulation applies to PRIIPs products and services made available within the UK, regardless of the nationality of an investor.
EU MAR and UK MAR
The EU MAR came into effect on 3 July 2016 and was onshored into UK law on 31 December 2020 by the European Union (Withdrawal) Act 2018. Changes to EU MAR were made by the Market Abuse Exit Regulations 2019, to ensure that UK MAR operates effectively in the UK and, subsequently, further changes have been made to such legislation.
Each of EU MAR and UK MAR aims to increase market integrity and investor protection, among other things, by prohibiting insider dealing, unlawful disclosure of inside information and market manipulation, and requiring measures to prevent and detect these. It also contains certain requirements for investors or potential investors to be notified of certain information in relation to relevant products.
Offering Circular and related Programme documents
The Programme documents available on this website are published for information purposes only. This website does not constitute an offer of securities for sale nor a solicitation of an offer to purchase securities in any jurisdiction in which such offer or solicitation is not authorised. This website also does not constitute such an offer or solicitation to any person to whom it is unlawful to make such an offer or solicitation.
Bank of America Corporation, BofA Finance LLC, Merrill Lynch B.V. & Merrill Lynch International & Co. C.V. Note, Warrant and Certificate Programme
Find all documents in the Archive.
What documents are available on this Website?
You may find the Offering Circular and other documents related to your investment product on this Website. These may include a KID, the constitutional documents of the issuer of your investment product, certain notices and related Programme or issue documents, where relevant to your product.
What is a PRIIP?
A PRIIP is defined as an investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations because of the exposure to reference values or to the performance of one or more assets that are not directly purchased by the retail investor; or an insurance-based investment product which offers a maturity or surrender value that is wholly or partially exposed, directly or indirectly, to market fluctuations.
What is the purpose of the PRIIPs Regulation and the UK PRIIPs Regulation?
The purpose of each of the PRIIPs Regulation and the UK PRIIPs Regulation is to encourage efficient markets in the EEA or the UK, as the case may be, by helping investors to better understand and compare the key features, risk, rewards and costs of different PRIIPs, through the provision of a short and consumer-friendly KID.
What is a KID?
A KID is a stand-alone, standardized document providing information regarding a PRIIP.
The KIDs are not marketing material and do not constitute a recommendation or offer of the investment products.
A KID is not available for all products detailed on this Website and will only have been published on this Website if a KID is required under PRIIPs Regulation or UK PRIIPs Regulation.
Is the KID a contractual document?
The KID is not a contractually binding document. The full terms and conditions for the PRIIP will be the only legally binding product terms, and will be contained in the Offering Circular, Prospectus or other document (available under the "Programme Documents" tab) and in the applicable Final Terms (which will be available from your distributor).
What information is included in a KID?
Each KID will contain the following information:
- Product Name, Product Manufacturer details, date of publication and in the case of PRIIPs made available in the EEA only, the Competent Regulatory Authority
- What is this product?
- What are the risks and what could I get in return?
- What happens if the manufacturer of the PRIIPs is unable to pay out?
- What are the costs?
- How long should I hold the investment and can I take money out early?
- How can I complain?
- Other relevant information
How can I make a complaint?
Any complaint regarding the conduct of the person advising on, or selling, the product can be submitted directly to that person.
Any complaint regarding the product or the conduct of the manufacturer of this product can be submitted in writing at the following address:
Complaints Handling Department, 2 King Edward Street, EC1A 1HQ, London, United Kingdom
Or by email to Complaints.Handling@bofa.com
A link to the complaints section of the Product Manufacturer's website can be found on https://business.bofa.com/content/dam/boamlimages/documents/articles/ID17_1174/bofaml_eea_and_uk_complaints_handling_summary.pdf