New Issue: BofA Finance sells $28.93 million Accelerated Return Notes tied to SPDR ETF

By William Gullotti

Buffalo, N.Y., May 31 – BofA Finance LLC priced $28.93 million of 0% Accelerated Return Notes due July 26, 2024 linked to the Energy Select Sector SPDR Fund, 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 ETF gain, subject to a maximum payout of par plus 34.41%.

Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$28,928,450
Maturity:	July 26, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, capped at par plus 34.41%; otherwise, 1% loss for every 1% decline of ETF from initial value
Initial value:	$79.08
Pricing date:	May 25
Settlement date:	June 2
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06054E671

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