By Wendy Van Sickle
Columbus, Ohio, May 29 – BofA Finance LLC priced $32.66 million of 0% Accelerated Return Notes due July 26, 2019 linked to a basket of financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The basket consists of Citigroup Inc. with a 33.33% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.34% weight.
The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 18.06%. Investors will be exposed to any basket decline.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying stocks: | Citigroup Inc. (symbol: C) with a 33.33% weight, JPMorgan Chase & Co. (symbol: JPM) with a 33.33% weight and Morgan Stanley (symbol: MS) with a 33.33% weight
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Amount: | $32,661,800
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Maturity: | July 26, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any basket gain, capped at 18.06%; exposure to any basket decline
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Initial share prices: | $69.31 for Citigroup, $111.23 for JPMorgan and $54.00 for Morgan Stanley
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Pricing date: | May 24
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Settlement date: | June 1
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 097097554
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