By Wendy Van Sickle
Columbus, Ohio, April 12 – BofA Finance LLC priced $10.47 million of autocallable notes due April 12, 2029 linked to the least performing of the iShares MSCI EAFE ETF and 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.
The notes will be called at par plus 9.9% per year if each asset closes at or above its initial level on any annual call valuation date.
The payout at maturity will be par plus 49.5% if each asset finishes at or above its initial level.
If the least performing asset declines but finishes at or above its threshold level, 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing asset from its initial level.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Autocallable notes
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Underlying assets: | iShares | MSCI EAFE ETF, S&P 500 index
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Amount: | $10,466,000
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Maturity: | April 12, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes at or above its initial level, par plus 49.5%; if the least performing asset finishes below initial level but at or above threshold level, par; otherwise, lose 1% for each 1% decline of least performing asset from its initial level
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Call: | Automatically at par plus 9.9% per year if each asset closes at or above its initial level on any annual call valuation date
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Initial levels: | 5,147.21 for S&P, $78.72 for iShares MSCI
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Threshold levels: | 3,603.05 for S&P, $55.10 for iShares MSCI; 70% of initial levels
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Pricing date: | April 5
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Settlement date: | April 10
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Selling agent: | BofA Securities, Inc.
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Fees: | 0.3%
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Cusip: | 09711BN69
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