By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – BofA Finance LLC priced $20.96 million of autocallable Strategic Accelerated Redemption Securities due June 30, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium if the closing level of the index is greater than or equal to its starting value on any annual observation date, including maturity. The call premium will be 12% per year.
If the notes are not called investors will lose 1% for every 1% decline.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Autocallable Strategic Accelerated Redemption Securities
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Underlying index: | Russell 2000 index
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Amount: | $20,963,280
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Maturity: | June 30, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If notes are not called, 1% loss for each 1% decline
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Call: | Notes will be called at par plus a premium if the closing level of the index is greater than or equal to its starting value on any annual observation date including maturity; call premium will be 12% per year
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Initial level: | 1,954.896
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Pricing date: | July 27
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Settlement date: | Aug. 3
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Agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 06054E754
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