By Sarah Lizee
Olympia, Wash., April 2 – BofA Finance LLC priced $7.3 million of 0% Capped Leveraged Index Return Notes due March 25, 2022 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The basket components are the S&P 500 index (70% weight), the MSCI EAFE index (20% weight) and the Russell 2000 index (10% weight).
If the basket return is positive, the payout at maturity will be par plus 111.71% of basket return, subject to a maximum return of 30%.
If the basket falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying indexes: | S&P 500 index (70% weight), the MSCI EAFE index (20% weight) and the Russell 2000 index (10% weight)
|
| Amount: | $7,298,510
|
| Maturity: | March 25, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 111.71% of any basket gain, capped at 30%; par if basket falls by up to 15%; otherwise, 1% loss for every 1% decline
|
| Initial index levels: | 2,815.44 for S&P, 1,865.86 for EAFE and 1,535.104 for Russell
|
| Threshold level: | 85% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | April 4
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 097098537
|
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