By Sarah Lizee
Olympia, Wash., Oct. 23 – BofA Finance LLC price $1.04 million of contingent income autocallable yield notes due April 21, 2022 linked to the worst performing of the common stocks of FedEx Corp. and American Airlines Group Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 9.2% if each stock closes at or above its 50% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each stock closes above 90% of its initial value on any quarterly call observation date.
The payout at maturity will be par plus the coupon if both stocks close above their 50% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Contingent income autocallable yield notes
|
| Underlying stocks: | FedEx Corp. and American Airlines Group Inc.
|
| Amount: | $1,035,000
|
| Maturity: | April 21, 2022
|
| Coupon: | 9.2% per year if each stock closes at or above its coupon barrier on the related determination date; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus the coupon if both stocks close above their trigger values; otherwise, investors will be fully exposed to any losses of the worst performing stock
|
| Call: | Automatically redeemed at par if each stock closes above 90% of initial value on any quarterly call observation date
|
| Initial levels: | $150.70 for FedEx, $27.93 for American Airlines
|
| Coupon barriers: | $75.35 for FedEx, $13.97 for American Airlines; 50% of initial levels
|
| Trigger values: | $75.35 for FedEx, $13.97 for American Airlines; 50% of initial levels
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 22
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 3%
|
| Cusip: | 09709TWN7
|
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