By William Gullotti
Buffalo, N.Y., March 11 – BofA Finance LLC priced $3.78 million of 0% autocallable enhanced return notes due Feb. 26, 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 automatically called at par plus a 10% annualized call premium if the index closes at or above its initial level on any annual valuation date.
The payout at maturity will be par plus 2.05 times any gain in the index.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline of the index beyond 15%.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Autocallable enhanced return notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $3,776,000
|
| Maturity: | Feb. 26, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 205% of any index gain; par if the index falls by 15% or less; otherwise, 1% loss per 1% decline beyond 15%
|
| Call: | Automatically at par plus 10% annualized premium if the index closes at or above its initial level on any annual valuation date
|
| Initial level: | 2,016.688
|
| Threshold level: | 1,714.185; 85% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 2.85%
|
| Cusip: | 09710PYK6
|
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