By William Gullotti
Buffalo, N.Y., Oct. 26 – BofA Finance LLC priced $8.62 million of 0% market-linked step-up notes due Oct. 26, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index finishes above the step-up level – 118.2% of the initial level – the payout at maturity will be par of $10 plus the index gain.
If the index finishes flat or gains by up to the step-up level, the payout will be par plus the step-up payment of 18.2%.
Investors will be exposed to any losses of the index.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $8,620,390
|
| Maturity: | Oct. 26, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if the index finishes flat or gains up to the step-up level, par plus 18.2%; full exposure to any losses
|
| Initial level: | 4,155.73
|
| Step-up value: | 4,912.07; 118.2% of initial level
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 28
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 09710D764
|
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