By Wendy Van Sickle
Columbus, Ohio, April 25 – BofA Finance LLC priced $9.51 million of 0% trigger autocallable notes due April 23, 2026 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 automatically called at par plus a 9.4% annualized call premium if the index closes at or above its initial level on any quarterly valuation day after one year.
The payout at maturity will be par of $10 unless the index finishes below its 75% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. and BofA Securities, Inc. are the agents.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Trigger autocallable notes
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Underlying index: | S&P 500 index
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Amount: | $9,512,800
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Maturity: | April 23, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
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Call: | Automatically at par plus an 9.4% annualized call premium if the index closes at or above its initial level on any quarterly valuation day after one year
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Initial level: | 4,967.23
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Downside threshold: | 3,725.42; 75% of initial level
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Pricing date: | April 19
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Settlement date: | April 24
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Underwriter: | UBS Financial Services Inc. and BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 09710R193
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