By Wendy Van Sickle
Columbus, Ohio, May 15 – BofA Finance LLC priced $5.16 million of 0% leveraged notes due Nov. 29, 2019 linked to 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.
If the index return is positive, the payout at maturity will be par plus 3 times the index return, subject to a 20.4% maximum return. Investors will be fully exposed to any index decline.
BofA Merrill Lynch is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Leveraged notes
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| Underlying index: | S&P 500 index
|
| Amount: | $5.16 million
|
| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 3 times index return up to maximum return of 20.4%; full exposure to decline
|
| Initial level: | 2,727.72
|
| Pricing date: | May 11
|
| Settlement date: | May 18
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 0%
|
| Cusip: | 09709TEP2
|
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