By William Gullotti
Buffalo, N.Y., Feb. 5 – BofA Finance LLC priced $1.99 million of 0% buffered autocallable notes due Feb. 4, 2030 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 8.25% per year if the index closes at or above its initial level on any semiannual call valuation date after one year.
The payout at maturity will be par plus 49.5% if the index finishes at or above its initial level.
If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the index beyond 10%.
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: | Buffered autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,985,000
|
| Maturity: | Feb. 4, 2030
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 49.5% if the index finishes at or above initial level; par if index falls by up to 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
|
| Call: | Automatically at par plus 8.25% per year if the index closes at or above initial level on any semiannual call valuation date after one year
|
| Initial level: | 4,924.97
|
| Threshold level: | 4,432.47; 90% of initial level
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 0.75%
|
| Cusip: | 09710PQK5
|
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