By Emma Trincal
New York, Aug. 4 – BofA Finance LLC priced $116.92 million of 0% Accelerated Return Notes due Sept. 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 15.01%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the underwriter.
The notes are guaranteed by Bank of America Corp.
Issuer: | BofA Finance LLC
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Issue: | Accelerated return notes
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Underlying index: | S&P 500
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Amount: | $116,918,160
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Maturity: | Sept. 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain capped at 15.01%; exposure to any index decline
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Initial level: | 3,246.22
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Pricing date: | July 30
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Settlement date: | Aug. 6
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 09710C600
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