By William Gullotti
Buffalo, N.Y., Aug. 9 – BofA Finance LLC priced $2 million of autocallable notes due July 30, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be called at par plus 12% per year if the index closes at or above its initial level on any annual call observation date.
The payout at maturity will be par plus 36% if the index finishes at or above its initial level.
Investors will be fully exposed to any decline of the index.
UBS Financial Services Inc. and BofA Securities, Inc. are the agents.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Autocallable notes
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| Underlying index: | Russell 2000 index
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| Amount: | $2 million
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| Maturity: | July 30, 2026
|
| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at above its initial level, par plus 36%; otherwise, investors will be fully exposed to the decline of the index from its initial level
|
| Call: | Automatically at par plus 12% per year if the index closes at or above its initial level on any annual call observation date
|
| Initial level: | 1,954.896
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| Pricing date: | July 27
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| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 09710K859
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