By Wendy Van Sickle
Columbus, Ohio, Aug. 28 – BofA Finance LLC priced $31.52 million of 0% Leveraged Index Return Notes due Aug. 26, 2022 linked to the Dow Jones Industrial Average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus 116.2% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Dow Jones Industrial Average
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Amount: | $31,523,840
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Maturity: | Aug. 26, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 116.2% of any index gain; par if index falls by up to 20%, otherwise 1% loss for every 1% decline beyond 20%
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Initial index level: | 21,783.40
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Pricing date: | Aug. 24
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Settlement date: | Aug. 31
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 097096671
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