New Issue: BofA prices $1.6 million capped return notes tied to sterling vs. dollar exchange rate

By William Gullotti

Buffalo, N.Y., May 10 – BofA Finance LLC priced $1.6 million of 0% capped return notes due May 10, 2024 linked to the British pound sterling relative to the U.S. dollar, 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 any gain in the exchange rate, capped at par plus 14%.

Otherwise, the payout will be par.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped return notes
Underlying currency:	British pound sterling (versus U.S. dollar)
Amount:	$1,597,000
Maturity:	May 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the exchange rate, capped at par plus 14%; otherwise, par
Initial value:	1.25975
Pricing date:	May 5
Settlement date:	May 9
Agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709T7B1

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