By William Gullotti
Buffalo, N.Y., March 25 – BofA Finance LLC priced $7.84 million of 0% digital index-linked notes due March 25, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus 16.85%.
Otherwise, investors will lose 1.17647% for every 1% decline of the index beyond 15%.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,842,000
|
| Maturity: | March 25, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 16.85% if index finishes at or above threshold level; otherwise, loss of 1.17647% for every 1% decline of index beyond 15%
|
| Initial level: | 5,117.09
|
| Threshold level: | 85% of initial level
|
| Pricing date: | March 15
|
| Settlement date: | March 22
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | None
|
| Cusip: | 09711BBB1
|
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