Chicago, March 12 – BofA Finance LLC priced $7.01 million of 0% autocallable notes due March 9, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 13% per year if the index closes at or above its initial level on any annual call valuation date.
The payout at maturity will be par plus 39% if the index finishes at or above its initial level.
Otherwise, investors will lose 1% for each 1% decline of the index.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Autocallable notes
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| Underlying index: | Russell 2000 index
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| Amount: | $7,010,000
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| Maturity: | March 9, 2027
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| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 39% if the index finishes at or above initial level; otherwise, 1% loss for every 1% that index declines from initial level
|
| Call: | Automatically at par plus 13% per year if the index closes at or above initial level on any annual call valuation date
|
| Initial level: | 2,074.309
|
| Pricing date: | March 4
|
| Settlement date: | March 7
|
| Selling agent: | BofA Securities, Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 09710M780
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