By William Gullotti
Buffalo, N.Y., March 5 – BofA Finance LLC priced $13.94 million of 0% autocallable Strategic Accelerated Redemption Securities due Feb. 23, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be called at par plus a premium of 9.7% per year if the closing level of the index is greater than or equal to its starting value on any annual valuation date.
If the notes are not called and the index finishes at or above its 85% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the index declines beyond 15%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Autocallable Strategic Accelerated Redemption Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $13,941,830
|
| Maturity: | Feb. 23, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below buffer level, in which case lose 1% for every 1% decline below buffer
|
| Call: | At par plus premium of 9.7% per year if index closes at or above its initial value on any annual valuation date
|
| Initial value: | 4,877.77
|
| Buffer level: | 4,146.1; 85% of initial level
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 8
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 09710N499
|
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