Chicago, April 29 – BofA Finance LLC priced $1.2 million of 0% enhanced return notes due April 29, 2027 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par plus 115% of any index gain.
Investors will receive par if the index falls but not beyond the 55% barrier level.
Otherwise, investors will have a 1% loss for each 1% decline from the initial level.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Enhanced return notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $1,198,000
|
| Maturity: | April 29, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any index gain; par if index declines to barrier level; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 431.43
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| Barrier level: | 237.29, 55% of initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 3%
|
| Cusip: | 09710PPQ3
|
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