Chicago, Aug. 30 – BofA Finance LLC priced $5.13 million of 0% Leveraged Index Return Notes with absolute return buffer due Oct. 24, 2023 linked to the WTI crude oil futures contract, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The contract that will be used to determine the starting value will be the contract schedule for delivery in October 2022. The ending value will use the contract for November 2023.
The payout at maturity will be par of $10 plus 1.03 times any gain.
Investors will receive par plus the absolute return if the ending value declines but not more than 15%.
Otherwise, investors will lose 1% for each 1% decline beyond a 15% buffer.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes with absolute return buffer
|
| Underlying commodity: | WTI crude oil futures contract
|
| Amount: | $5,125,060
|
| Maturity: | Oct. 24, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.03 times any gain; par plus absolute return if ending value declines but not beyond 15% buffer; otherwise, 1% loss for each 1% decline beyond 15% buffer
|
| Initial level: | $92.52
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 09710F868
|
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