By Marisa Wong
Morgantown, W.Va., Dec. 8 – BofA Finance LLC priced $766,000 of 0% leveraged buffered notes due Sept. 30, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETF return is positive, the payout at maturity will be par plus 1.6 times the ETF return, subject to a maximum return of 25.04%. Investors will receive par if the ETF declines by 12.5% or less and will lose 1.14286% for every 1% that it declines beyond 12.5%.
BofA Merrill Lynch is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged buffered notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $766,000
|
| Maturity: | Sept. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 1.6 times ETF return, subject to 25.04% maximum return; par if ETF declines by 12.5% or less; 1.14286% loss for every 1% that ETF declines beyond 12.5%
|
| Initial value: | $47.01
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 4
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | None
|
| Cusip: | 09709TCE9
|
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