By William Gullotti
Buffalo, N.Y., Oct. 12 – BofA Finance LLC priced $1 million of 0% Accelerated Return Notes due Dec. 20, 2023 linked to the shares of Coinbase Global, Inc., 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 of $10 plus triple any stock gain, subject to a maximum payout of par plus 126.5%.
Investors will be exposed to any stock decline.
BofA Securities, Inc. is the underwriter.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying stock: | Coinbase Global, Inc.
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Amount: | $1 million
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Maturity: | Dec. 20, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any stock gain, capped at par plus 126.5%; otherwise, 1% loss for every 1% decline of stock from initial value
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Initial value: | $73.81
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Pricing date: | Oct. 6
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Settlement date: | Oct. 12
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 06054B842
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