By William Gullotti
Buffalo, N.Y., March 20 – BofA Finance LLC priced $1.6 million of 0% autocallable enhanced return notes due March 19, 2029 linked to the Russell 2000 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 automatically called at par plus a 24% call premium if the index closes at or above its initial level on March 19, 2026.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline of the index if it finishes below its 70% threshold.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Autocallable enhanced return notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1,595,000
|
| Maturity: | March 19, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if the index falls by 30% or less; otherwise, 1% loss per 1% decline from initial level
|
| Call: | Automatically at par plus 24% if the index closes at or above its initial level on March 19, 2026
|
| Initial level: | 2,031.175
|
| Threshold level: | 1,421.823; 70% of initial level
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 3.55%
|
| Cusip: | 09711BAV8
|
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