By Wendy Van Sickle
Columbus, Ohio, Nov. 10 – BofA Finance LLC priced $1.35 million of 0% capped buffered enhanced return notes due Oct. 30, 2023 linked to the MSCI EAFE 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 gain in the index, up to the maximum redemption amount of par plus 13.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline of the index beyond 10%.
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: | Capped buffered enhanced return notes
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| Underlying index: | MSCI EAFE index
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| Amount: | $1.35 million
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| Maturity: | Oct. 30, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at par plus 13.5%; par if the index falls by 10% or less; 1% loss per 1% decline beyond 10%
|
| Initial level: | 1,688.02
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| Buffer level: | 1,519.22; 90% of initial levels
|
| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Selling agent: | BofA Securities, Inc.
|
| Fees: | 0.25%
|
| Cusip: | 09709V3E4
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