New Issue: BofA Finance prices $9.12 million Accelerated Return Notes linked to Tesla

By William Gullotti

Buffalo, N.Y., March 25 – BofA Finance LLC priced $9.12 million of 0% Accelerated Return Notes due May 27, 2025 linked to the shares of Tesla, Inc., 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 stock gain, subject to a maximum payout of par plus 57%.

Investors will be exposed to any stock decline.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying stock:	Tesla, Inc.
Amount:	$9,122,000
Maturity:	May 27, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any stock gain, capped at par plus 57%; otherwise, 1% loss for every 1% decline of stock from initial value
Initial value:	$171.32
Pricing date:	March 19
Settlement date:	March 26
Agent:	BofA Securities, Inc.
Fees:	1.25%
Cusip:	09710M871

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