By Emma Trincal
New York, Oct. 30 – BofA Finance LLC priced $9.55 million of 0% Capped Leveraged Index Return Notes due Dec. 20, 2019 linked to a Brent crude oil futures contract, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus triple any gain in the futures contract price, subject to a maximum return of 20.1%.
If the futures contract price falls by up to 10%, the payout will be par. Investors will be exposed to any price decline beyond 10%.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying: | Brent crude oil futures contract
|
| Amount: | $9,546,690
|
| Maturity: | Dec. 20, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any price gain, return capped at 20.1%; par if price falls by up to 10%; exposure to any declines beyond 10%
|
| Initial price: | $76.44
|
| Threshold price: | $68.80
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 30
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 05586J117
|
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