By Sarah Lizee
Olympia, Wash., Feb. 8 – BofA Finance LLC priced $3.7 million of 0% leveraged buffered index-linked notes due Aug. 12, 2020 tied to the MSCI EAFE index, 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 150% of any index gain up to a maximum settlement amount of $1,229.50 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.14286% for every 1% decline beyond the buffer.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $3,695,000
|
| Maturity: | Aug. 12, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of index return, capped at par plus 22.95%; par if index falls by up to 12.5%; 1.14286% loss for every 1% decline beyond the buffer
|
| Initial level: | 1,843.96
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Agent: | BofA Merrill Lynch
|
| Fees: | None
|
| Cusip: | 09709TLD1
|
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