By Susanna Moon
Chicago, Oct. 31 – BofA Finance LLC priced $4.8 million of 0% digital notes due Jan. 23, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 90% threshold level, the payout at maturity will be par plus the threshold settlement amount of $1,100.50 for each $1,000 principal amount.
Otherwise, investors will be fully exposed to any losses.
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: | Digital notes
|
| Underlying asset: | S&P 500 index
|
| Amount: | $4,799,000
|
| Maturity: | Jan. 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or falls by up to 10%, par plus 10.05%; otherwise, 1.11111% for each 1% decline beyond 10%
|
| Initial level: | 2,768.78
|
| Barrier level: | 90% of initial level
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 25
|
| Agent: | BofA Merrill Lynch
|
| Fees: | None
|
| Cusip: | 09709TME8
|
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