By William Gullotti
Buffalo, N.Y., Dec. 5 – BofA Finance LLC priced $4.94 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due Dec. 4, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a fixed annual call premium of 8% if the index closes at or above the initial level on any quarterly call observation date after one year.
The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to losses beyond the 10% buffer.
The notes are guaranteed by Bank of America Corp.
Wells Fargo Securities, LLC and BofA Securities, Inc. are the agents.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,942,000
|
| Maturity: | Dec. 4, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless index falls by more than 10%, in which case lose 1% for every 1% decline beyond 10%
|
| Call: | Automatically at par plus an 8% fixed annual call premium if the index closes at or above the initial level on any quarterly call observation date after one year
|
| Initial level: | 4,550.58
|
| Threshold level: | 4,095.522; 90% of initial level
|
| Pricing date: | Nov. 29
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| Settlement date: | Dec. 4
|
| Agents: | Wells Fargo Securities, LLC and BofA Securities, Inc.
|
| Fees: | 2.825%
|
| Cusip: | 09710P4C7
|
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