By William Gullotti
Buffalo, N.Y., Sept. 13 – BofA Finance LLC priced $11.41 million of 0% digital return notes due Sept. 8, 2023 linked to the KraneShares CSI China Internet ETF, 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 38.25% if the ETF finishes at or above its initial level.
If the ETF declines by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of ETF from its initial level.
BofA Securities, Inc.is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Digital return notes
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| Underlying fund: | KraneShares CSI China Internet ETF
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| Amount: | $11,405,000
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| Maturity: | Sept. 8, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 38.25% if ETF finishes at or above initial level; par if ETF declines by up to 25%; otherwise, loss of 1% for every 1% decline of ETF from initial level
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| Initial level: | $52.69
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| Threshold level: | $39.52; 75% of initial levels
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| Pricing date: | Sept. 3
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| Settlement date: | Sept. 9
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 2%
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| Cusip: | 09709UQV3
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