By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – BofA Finance LLC priced $5.32 million of 0% capped notes with absolute return buffer due Jan. 4, 2024 linked to the Bloomberg Commodity 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 of $10 plus any index gain, capped at par plus 37%.
If the index finishes flat or falls by up to 10%, investors will receive par plus the absolute value of the index return.
Investors will be exposed to any losses beyond 10%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Capped notes with absolute return buffer
|
| Underlying index: | Bloomberg Commodity
|
| Amount: | $5,319,730
|
| Maturity: | Jan. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, capped at 37%; if index falls by up to 10%, par plus absolute value of index return; exposure to any losses beyond 10%
|
| Initial value: | 113.2491
|
| Threshold value: | 101.9242, 90% of initial value
|
| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 3
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 06054B875
|
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