By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – BofA Finance LLC priced $7.15 million of 0% Accelerated Return Notes due Nov. 20, 2020 linked to the Financials Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 32.41%.
Investors will be exposed to any index decline.
BofA Merrill Lynch is the underwriter.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Accelerated Return Notes
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Underlying index: | Financials Select Sector index
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Amount: | $7,150,440
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Maturity: | Nov. 20, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 32.41%; exposure to any index decline
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Initial index level: | 329.22
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Final index level: | Average of index’s closing levels on five trading days ending Nov. 17, 2020
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Pricing date: | Nov. 29
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Settlement date: | Dec. 6
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 097098156
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