By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – BofA Finance LLC priced $15.02 million of 7.15% trigger callable yield notes due March 26, 2025 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.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after three months.
The payout at maturity will be par of $10 unless the index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. and BofA Securities, Inc. are the agents.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Trigger callable yield notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $15,023,120
|
| Maturity: | March 26, 2025
|
| Coupon: | 7.15% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
|
| Call option: | At par on any coupon date starting after three months
|
| Initial level: | 2,017.065
|
| Downside threshold: | 1,411.946; 70% of initial level
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Underwriter: | UBS Financial Services Inc. and BofA Securities, Inc.
|
| Fees: | 1%
|
| Cusip: | 09710M754
|
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