By William Gullotti
Buffalo, N.Y., May 9 – BofA Finance LLC priced $1.5 million of 0% capped buffered enhanced return notes due May 2, 2024 linked to the S&P 500 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 1.5 times any gain in the index, up to the maximum redemption amount of par plus 16.6%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline of the index beyond 10%.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Capped buffered enhanced return notes
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| Underlying index: | S&P 500 index
|
| Amount: | $1.5 million
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| Maturity: | May 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 16.6%; par if the index falls by 10% or less; 1% loss per 1% decline beyond 10%
|
| Initial level: | 4,287.5
|
| Buffer level: | 3,858.75; 90% of initial levels
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 2.65%
|
| Cusip: | 09709UR34
|
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