By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – BofA Finance LLC priced $1 million of 0% buffered digital return notes due Nov. 30, 2023 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 26.75% if the index finishes at or above its initial level.
If the index declines by up to 17%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 17%.
BofA Merrill Lynch. is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Buffered digital return notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Nov. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 26.75% if index finishes at or above initial level; if index declines by up to 17%, par; otherwise, loss of 1% for every 1% index decline beyond 17%
|
| Initial levels: | 3,133.64
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| Threshold level: | 2,600.92, 83% of initial levels
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Agent: | BofA Securities, Inc.
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| Selling agent: | BofA Merrill Lynch
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| Fees: | 0.25%
|
| Cusip: | 09709TXQ9
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