New York, Dec. 1 – BofA Finance LLC priced $2.45 million of 0% dual directional buffered notes due Dec. 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 100% of the index return subject to a maximum return of par plus 10%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Dual directional buffered notes
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| Underlying index: | S&P 500
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| Amount: | $2,454,000
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| Maturity: | Dec. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 100% of index return subject to a maximum return of par plus 10%; par plus absolute value of index return if index declines but finishes above 90% threshold value; 1% loss for every 1% that index declines beyond threshold value
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| Upside leverage: | 100%
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| Cap: | 10%
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| Threshold value: | 4,095.39, 90% of initial level
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| Initial level: | 4,550.43
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| Call: | Non-callable
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | BofA Securities, Inc.
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| Fees: | 2.2%
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| Cusip: | 09711AZM3
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