By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – BofA Finance LLC priced $1 million of fixed income autocallable yield notes due Sept. 25, 2026 linked to the worst performing of the common stocks of Amazon.com, Inc., Palantir Technologies Inc. and Meta Platforms, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 14.5%.
The notes will be automatically redeemed at par if each stock closes above 100% of its initial value on any monthly call observation date after six months.
The payout at maturity will be par plus the coupon if all stocks close above their 50% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Fixed income autocallable yield notes
|
| Underlying stocks: | Amazon.com, Inc., Palantir Technologies Inc. and Meta Platforms, Inc.
|
| Amount: | $1 million
|
| Maturity: | Sept. 25, 2026
|
| Coupon: | 14.5% per year; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus the coupon if all stocks finish above their trigger values; otherwise, investors will be fully exposed to the losses of the worst performing stock
|
| Call: | Automatically at par if each stock closes at or above its initial value on any monthly call observation date after six months
|
| Initial levels: | $129.12 for Amazon, $14.13 for Palantir, $299.08 for Meta
|
| Trigger values: | $64.56 for Amazon, $7.07 for Palantir, $149.54 for Meta, 50% of initial levels
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 3.75%
|
| Cusip: | 09711ALK2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
