By William Gullotti
Buffalo, N.Y., April 26 – BofA Finance LLC priced $2.36 million of 0% capped buffered enhanced return notes due Oct. 27, 2025 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 payout at maturity will be par plus 200% of any gain in the index, up to the maximum redemption amount of par plus 19.2%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline of the index beyond 10%.
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: | Capped buffered enhanced return notes
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Underlying index: | Russell 2000 index
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Amount: | $2.36 million
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Maturity: | Oct. 27, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 19.2%; par if the index falls by 10% or less; 1% loss per 1% decline beyond 10%
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Initial level: | 1,947.656
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Buffer level: | 1,752.89; 90% of initial level
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Pricing date: | April 19
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Settlement date: | April 26
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Selling agent: | BofA Securities, Inc.
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Fees: | 1.5%
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Cusip: | 09711BL20
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