By Angela McDaniels
Tacoma, Wash., Feb. 26 – BofA Finance LLC priced $11.75 million of 0% Accelerated Return Notes due April 24, 2020 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 is comprised of KeyCorp with a 33.33% weight, Wells Fargo & Co. with a 33.33% weight and Citigroup Inc. with a 33.34% weight.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 23%. Investors will be exposed to any basket decline.
BofA Merrill Lynch is the underwriter.
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: | KeyCorp (NYSE: KEY; 33.33% weight), Wells Fargo & Co. (NYSE: WFC; 33.33% weight) and Citigroup Inc. (NYSE: C; 33.34% weight)
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Amount: | $11,747,380
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Maturity: | April 24, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any basket gain, capped at 23%; exposure to any basket decline
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Initial share prices: | $17.70 for KeyCorp, $49.56 for Wells Fargo and $64.32 for Citigroup
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Pricing date: | Feb. 21
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Settlement date: | Feb. 28
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 097098438
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