Chicago, March 4 – BofA Finance LLC priced $2.23 million of buffered autocallable enhanced return notes due March 1, 2027 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.
The notes will be called at par plus 10% per year if the index closes at or above its initial level on either annual review date.
The payout at maturity will be par plus 200% of any gain in the index.
If the index finishes below its initial level but no lower than its buffer level, 85% of its initial level, the payout will be par.
Otherwise, investors will be exposed to the decline of the index beyond 15%.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Buffered autocallable enhanced return notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,234,000
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| Maturity: | March 1, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in index; if index declines but finishes at or above buffer level, par; otherwise, investors will be exposed to the decline of index beyond 15%
|
| Call: | Automatically at par plus 10% per year if the index closes at or above its initial level on either annual review date
|
| Initial level: | 2,028.968
|
| Buffer level: | 1,724.623; 85% of initial level
|
| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 2.5%
|
| Cusip: | 09710PWC6
|
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