By Marisa Wong
Morgantown, W.Va., Dec. 1 – BofA Finance LLC priced $19,795,310 of 0% market-linked step-up notes due Nov. 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index finishes at or above the step-up level – 128.5% of the initial level – the payout at maturity will be par of $10 plus the gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 28.5%.
Investors will be exposed to any decline in the index.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Market-linked step-up notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $19,795,310
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| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes at or above the step-up level, par plus the gain; if the index gains by up to the step-up level, par plus 28.5%; full exposure to any index decline
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| Initial index level: | 3,579.32
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| Step-up value: | 4,599.43, 128.5% of initial level
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 29
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 097097125
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