By Sarah Lizee
Olympia, Wash., Oct. 2 – BofA Finance LLC priced $500,000 of 0% enhanced return notes due Oct. 29, 2020 linked to the Nasdaq-100 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 plus 1.05 times any index gain, capped at par plus 10%.
If the index declines by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Enhanced return notes
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| Underlying index: | Nasdaq-100
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| Amount: | $500,000
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| Maturity: | Oct. 29, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.05 times any index gain, capped at par plus 10%; if the index declines by up to 10%, par; otherwise, investors will lose 1% for every 1% index decline beyond 10%
|
| Initial level: | 7,803.542
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 09709TUZ2
|
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