By Wendy Van Sickle
Columbus, Ohio, May 29 – BofA Finance LLC priced $3.56 million of 0% leveraged buffered notes due Sept. 4, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum settlement amount of $1,153.16 for each $1,000 principal amount of notes.
Investors will receive par if the index declines by 10% or less.
If the index declines by more than 10%, investors will lose 1% for each 1.1111% decline beyond 10%.
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 buffered notes
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Underlying index: | S&P 500
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Amount: | $3,564,000
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Maturity: | Sept. 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.4 times the index return, subject to maximum settlement amount of $1,153.16 for each $1,000 principal amount of notes; par if the index declines by 10% or less; 1.1111% loss for each 1% decline in the index beyond 10%
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Initial level: | 2,822.24
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Pricing date: | May 23
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Settlement date: | May 31
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Agent: | BofA Merrill Lynch
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Fees: | 0%
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Cusip: | 09709TSB8
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