By William Gullotti
Buffalo, N.Y., Dec. 28 – BofA Finance LLC priced $1.1 million of 0% buffered autocallable notes due Oct. 4, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 9.75% per year if the index closes at or above its initial level on any semiannual call valuation date after one year.
The payout at maturity will be par plus 58.5% if the index finishes at or above its initial level.
If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the index beyond 10%.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Buffered autocallable notes
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Underlying index: | S&P 500 index
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Amount: | $1.1 million
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Maturity: | Oct. 4, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 58.5% if the index finishes at or above initial level; par if index falls by up to 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
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Call: | Automatically at par plus 9.75% per year if the index closes at or above initial level on any semiannual call valuation date after one year
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Initial level: | 4,288.05
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Threshold level: | 3,859.25; 90% of initial level
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Selling agent: | BofA Securities, Inc.
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Fees: | 0.5%
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Cusip: | 09711ARS9
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