By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – BofA Finance LLC priced $22.09 million of 0% Leveraged Index Return Notes due July 29, 2022 linked to the Dow Jones Industrial Average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus 112.2% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $22,094,290
|
| Maturity: | July 29, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 112.2% of any index gain; par if index falls by up to 20%, otherwise 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 21,796.55
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 097096622
|
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