By Kiku Steinfeld
Chicago, April 13 – BofA Finance LLC priced $1.5 million of 0% enhanced return notes due March 30, 2026 linked to the least performing of the iShares MSCI Emerging Market ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETFs gain, the payout at maturity will be par plus 1.46 times the index gain of the worst performer.
If any ETF declines by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser performing ETF declines from its initial level.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Enhanced return notes
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| Underlying assets: | iShares MSCI Emerging Market ETF and the iShares MSCI EAFE ETF
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| Amount: | $1.5 million
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| Maturity: | March 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.46 times any gain in worst performer; if any ETF declines by up to 30%, par; otherwise, investors will lose 1% for every 1% the lesser performing ETF declines from its initial level
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| Initial levels: | $75.62 for EAFE, $51.92 for EM
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| Threshold levels: | $52.93 for EAFE, $36.34f for EM, 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | BofA Securities, Inc.
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| Fees: | 4%
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| Cusip: | 09709UEV6
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