By Wendy Van Sickle
Columbus, Ohio, May 30 – BofA Finance LLC priced $14.29 million of leveraged market-linked step-up notes due May 27, 2021 linked to a global equity basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 50% weight, the MSCI Emerging Markets index with a 25% weight and the S&P 500 index with a 25% weight.
If the basket finishes above the step-up value, 120% of the initial level, the payout at maturity will be par of $10 plus 164.5% of the basket gain.
If the basket gains by up to the step-up level, the payout will be par plus the step-up payment of 20%.
Investors will be fully exposed to any basket decline.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged market-linked step-up notes
|
| Underlying basket: | Euro Stoxx 50 (50% weight), MSCI Emerging Markets (25% weight), S&P 500 (25% weight)
|
| Amount: | $14,293,160
|
| Maturity: | May 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes above the step-up value, par plus 164.5% of the basket gain; if the basket gains by up to the step-up level, par plus the step-up payment of 20%; otherwise, investors will be fully exposed to any basket decline
|
| Initial levels: | 3,521.76 for Euro Stoxx 50; 1,135.06 for Emerging Markets; 2,272.76 for S&P
|
| Pricing date: | May 24
|
| Settlement date: | June 1
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 097097604
|
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