By Sarah Lizee
Olympia, Wash., Feb. 13 – BofA Finance LLC priced $842,000 of 0% leveraged notes due Jan. 23, 2023 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETF return is positive, the payout at maturity will be par plus 1.67 times the ETF return.
If the ETF falls by up to 35%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the ETF from its initial level.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $842,000
|
| Maturity: | Jan. 23, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.67 times any ETF gain; if ETF falls by up to 35%, par; otherwise, 1% loss for each 1% decline
|
| Initial value: | $62.02
|
| Threshold value: | $40.31, 65% of initial value
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 14
|
| Agent: | BofA Merrill Lynch
|
| Fees: | None
|
| Cusip: | 09709TNF4
|
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