New Issue: BofA Finance sells $4.23 million Accelerated Return Notes tied to SPDR ETF

By William Gullotti

Buffalo, N.Y., Jan. 30 – BofA Finance LLC priced $4.23 million of 0% Accelerated Return Notes due March 28, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus triple any ETF gain, subject to a maximum payout of par plus 25.7%.

Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$4,233,400
Maturity:	March 28, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, capped at par plus 25.7%; otherwise, 1% loss for every 1% decline of ETF from initial value
Initial value:	$83.63
Pricing date:	Jan. 25
Settlement date:	Feb. 1
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	09710N341

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