By Sarah Lizee
Olympia, Wash., June 17 – BofA Finance LLC priced $3.15 million of 0% enhanced return notes due July 9, 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.
The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 11.04%.
If the index declines by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Enhanced return notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.15 million
|
| Maturity: | July 9, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 11.04%; if the index declines by up to 10%, par; otherwise, investors will lose 1% for every 1% index decline beyond 10%
|
| Initial level: | 2,879.84
|
| Pricing date: | June 13
|
| Settlement date: | June 17
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 0.1%
|
| Cusip: | 09709TRV5
|
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