By William Gullotti
Buffalo, N.Y., March 14 – BofA Finance LLC priced $2.54 million of 0% buffered enhanced return notes due March 12, 2029 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 200% of the return.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Buffered enhanced return notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $2,536,000
|
| Maturity: | March 12, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 200% of index return; par if index declines by 20% or less; otherwise, 1% loss for every 1% that the index declines beyond 20%
|
| Initial level: | 452.8
|
| Buffer level: | 362.24; 80% of initial level
|
| Pricing date: | March 7
|
| Settlement date: | March 12
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 0.75%
|
| Cusip: | 09710PZ58
|
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