By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – BofA Finance LLC priced $11.26 million of 0% dual directional buffered notes due Feb. 13, 2025 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus the worst performing index return capped at par plus 80%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The notes are guaranteed by Bank of America Corp.
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: | Dual directional buffered notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $11,256,000
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| Maturity: | Feb. 13, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus worst performing index return capped at par plus 80%; par plus absolute value of worst performing index return if worst performing index declines but by no more than 15% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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| Initial levels: | 33,699.88 for Dow, 4,081.5 for S&P
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 0.15%
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| Cusip: | 09709VER3
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