By Marisa Wong
Los Angeles, Oct. 20 – BofA Finance LLC priced $14.36 million of 0% trigger gears due Oct. 21, 2025 linked to the Russell 1000 Value index, 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 1.27 times any index gain.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
BofA Securities, Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Trigger gears
|
| Underlying index: | Russell 1000 Value index
|
| Amount: | $14,361,760
|
| Maturity: | Oct. 21, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.27 times any index gain; if index falls by up to 25%, par; otherwise, 1% loss for each 1% decline below initial level
|
| Initial level: | 1,215.250
|
| Downside threshold: | 911.438, 75% of initial level
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 21
|
| Agents: | BofA Securities, Inc. and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 05591G371
|
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