New York, Jan. 22 – BofA Finance LLC priced $6 million of contingent income issuer callable yield notes due July 21, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.4004%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.
The securities may be called at par on any monthly call date starting Jan. 22, 2025.
If the index finishes at or above its 70% threshold value, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Contingent income issuer callable yield notes
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Underlying index: | S&P 500 index
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Amount: | $6 million
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Maturity: | July 21, 2026
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Coupon: | 7.4004%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | If index finishes at or above its 70% threshold value, par; otherwise, 1% loss for every 1% that index declines from initial level
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Call option: | At par on any monthly call date starting Jan. 22, 2025
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Initial level: | 4,765.98
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Downside threshold: | 3,336.19, 70% of initial level
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Coupon barrier: | 3,336.19, 70% of initial level
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Pricing date: | Jan. 16
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Settlement date: | Jan. 19
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Agent: | BofA Securities, Inc.
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Fees: | 0.25%
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Cusip: | 09710PNF9
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