By William Gullotti
Buffalo, N.Y., March 28 – BofA Finance LLC priced $4.5 million of 0% autocallable Strategic Accelerated Redemption Securities due March 27, 2030 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 a premium of 10.25% per year if the closing level of the index is greater than or equal to its starting value on any annual valuation date.
If the notes are not called, investors will lose 1% for each 1% decline in the index.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Autocallable Strategic Accelerated Redemption Securities
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| Underlying index: | Russell 2000 index
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| Amount: | $4.5 million
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| Maturity: | March 27, 2030
|
| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If not called, full exposure to decline of index
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| Call: | At par plus premium of 10.25% per year if index closes at or above its initial value on any annual valuation date
|
| Initial value: | 2,074.88
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| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 09710M863
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