By Marisa Wong
Los Angeles, Aug. 28 – BofA Finance LLC priced $22,602,890 of 0% capped gears due Oct. 29, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, capped at par plus 16.65%.
Otherwise, investors will be fully exposed to the index decline.
BofA Securities is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Capped gears
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Underlying index: | Russell 2000
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Amount: | $22,602,890
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Maturity: | Oct. 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at par plus 16.65%; full exposure to any index decline
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Initial index level: | 1,560.193
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Underwriter: | BofA Securities with UBS Financial Services Inc. as selling agent
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Fees: | 2%
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Cusip: | 05591G470
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