By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – BofA Finance LLC priced $5 million of step-up callable notes due Dec. 22, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The interest rate will be 3.78% in years one through five, stepping up to 4.03% in years six through 10 and to 4.53% in years 11 to 15. Interest will be payable semiannually.
The payout at maturity will be par of $1,000.
Beginning Dec. 22, 2017, the notes will be callable in whole but not in part at par on any interest payment date.
BofA Merrill Lynch is the underwriter.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Step-up callable notes
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| Amount: | $5 million
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| Maturity: | Dec. 22, 2031
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| Coupon: | 3.78% in years one through five, 4.03% in years six through 10, 4.53% in years 11 to 15; payable semiannually
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| Price: | Par of $1,000
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date beginning Dec. 22, 2017
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| Settlement date: | Dec. 22
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 1.75%
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| Cusip: | 06048WTV2
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