By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – BofA Finance LLC priced $2.29 million of 0% capped buffered enhanced return notes due Dec. 29, 2022 linked to the Financial Select Sector SPDR fund, 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 2 times any gain in the fund, up to a to the maximum redemption amount of 117.5% of par.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Capped buffered enhanced return notes
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Underlying fund: | Financial Select Sector SPDR fund
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Amount: | $2.29 million
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Maturity: | Dec. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 117.5% of par; par if fund falls by 10% or less; 1% loss per 1% decline beyond 10%
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Initial level: | $28.49
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Buffer level: | $25.644, 90% of initial level
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Pricing date: | Dec. 18
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Settlement date: | Dec. 23
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Selling agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 09709T4A6
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