By William Gullotti
Buffalo, N.Y., March 1 – BofA Finance LLC priced $5.71 million of 0% capped notes with absolute return buffer due Feb. 28, 2025 linked to the MSCI Emerging Markets 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 of $10 plus any index gain, capped at par plus 20%.
If the index finishes flat or falls by up to 20.2%, investors will receive par plus the absolute value of the index return.
Investors will be exposed to any losses beyond 20.2%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Capped notes with absolute return buffer
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $5,711,340
|
| Maturity: | Feb. 28, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, capped at par plus 20%; if index falls by up to 20.2%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline beyond 20.2%
|
| Initial value: | 987.74
|
| Threshold value: | 788.22; 79.8% of initial value
|
| Pricing date: | Feb. 23
|
| Settlement date: | March 2
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06054E390
|
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