By Sarah Lizee
Olympia, Wash., June 17 – BofA Finance LLC priced $69 million of 0% cash-settled equity-linked notes due June 18, 2024 linked to the common stock of Dow Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par unless the underlying stock finishes above its 111% threshold price, in which case it will be par plus the final stock price divided by the threshold price.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Cash-settled equity-linked notes
|
| Underlying stock: | Dow Inc.
|
| Amount: | $69 million
|
| Maturity: | June 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless stock appreciates by more than 11%, in which case par plus final stock price divided by 111% threshold price
|
| Initial level: | $52.6408
|
| Threshold price: | $58.4313, 111% of initial level
|
| Pricing date: | June 13
|
| Settlement date: | June 20
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 0%
|
| Cusip: | 09709TGZ8
|
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