By Wendy Van Sickle
Columbus, Ohio, July 20 – BofA Finance LLC priced $579,000 of 0% leveraged buffered notes due May 1, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, subject to a maximum settlement amount of $1,315 per $1,000 principal amount.
Investors will receive par if the ETF declines by 12.5% or less and will lose 1.14286% for every 1% that it declines beyond 12.5%.
BofA Merrill Lynch is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged buffered notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $579,000
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| Maturity: | May 1, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 1.5 times the ETF return, subject to a maximum settlement amount of $1,315 per $1,000 principal amount; par if ETF declines by 12.5% or less; 1.14286% loss for every 1% decline beyond 12.5%
|
| Initial level: | $43.33
|
| Pricing date: | June 29
|
| Settlement date: | July 9
|
| Agent: | BofA Merrill Lynch
|
| Fees: | None
|
| Cusip: | 09709TFH9
|
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