By William Gullotti
Buffalo, N.Y., March 19 – BofA Finance LLC priced $10 million of autocallable notes due March 16, 2034 linked to the S&P 500 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 9.05% per year if the index closes at or above its initial level on any annual call observation date.
The payout at maturity will be par plus 90.5% if the index finishes at or above its initial level.
Investors will be fully exposed to any decline of the index.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $10 million
|
| Maturity: | March 16, 2034
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 90.5%; otherwise, investors will be fully exposed to the decline of the index from its initial level
|
| Call: | Automatically at par plus 9.05% per year if the index closes at or above its initial level on any annual call observation date
|
| Initial level: | 5,117.94
|
| Strike date: | March 11
|
| Pricing date: | March 12
|
| Settlement date: | March 15
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 0.25%
|
| Cusip: | 09711BCA2
|
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