By Kiku Steinfeld
Chicago, Aug. 26 – BofA Finance LLC priced $5.84 million of 0% buffered digital return notes due Nov. 26, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par plus 10.65% if the index finishes at or above its initial level.
If the index declines by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
BofA Merrill Lynch. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Buffered digital return notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $5,839,000
|
| Maturity: | Nov. 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10.65% if index finishes at or above initial level; if index declines by up to 10%, par; otherwise, loss of 1% for every 1% index decline beyond 10%
|
| Initial levels: | 27,844.91
|
| Threshold level: | 25,060.42, 90% of initial levels
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 25
|
| Selling agent: | BofA Merrill Lynch
|
| Fees: | 0.25%
|
| Cusip: | 09709TQ87
|
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