By Marisa Wong
Morgantown, W.Va., Feb. 1 – BofA Finance LLC priced $17,339,410 of 0% market-linked step-up notes due Jan. 30, 2020 linked to the Euro Stoxx 50 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 the step-up level – 129.1% of the initial level – the payout at maturity will be par of $10 plus the gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 29.1%.
Investors will be fully exposed to any index decline.
BofA Merrill Lynch is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $17,339,410
|
| Maturity: | Jan. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above the step-up level, par plus the gain; if the index gains by up to the step-up level, par plus 29.1%; full exposure to losses
|
| Initial index level: | 3,630.15
|
| Step-up level: | 4,686.52, 129.1% of initial level
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 097097273
|
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