Chicago, April 29 – BofA Finance LLC priced $1.98 million of 0% dual directional buffered notes due April 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 100% of the index return subject to a maximum return of par plus 10%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 10% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Dual directional buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,984,000
|
| Maturity: | April 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 100% of index return subject to a maximum return of par plus 10%; par plus absolute value of index return if index declines but finishes above 90% threshold value; 1% loss for every 1% that index declines beyond threshold value
|
| Call: | Non-callable
|
| Initial level: | 4,890.97
|
| Buffer value: | 4,401.87, 90% of initial level
|
| Upside leverage: | 100%
|
| Cap: | 10%
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.2%
|
| Cusip: | 09710PJJ6
|
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