By Wendy Van Sickle
Columbus, Ohio, June 17 – BofA Finance LLC priced $15.42 million of 0% trigger bearish autocallable notes due June 18, 2021 based on the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par plus a 20% annualized premium if the index closes below its initial level on a monthly observation date after three months.
If the final index level is greater than the barrier value, 115% of the initial level, the payout at maturity will be par minus 1% for every 1% gain of the index from its initial level.
Otherwise, the payout will be par.
The notes are guaranteed by Bank of America Corp.
UBS Financial Services Inc. and BofA Securities are the agents.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Trigger bearish autocallable notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $15,424,500
|
| Maturity: | June 18, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 20% a year if index closes below initial level on monthly observation date after three months
|
| Payout at maturity: | If index gains by more than 15%, par minus 1% for each 1% gain; otherwise, par
|
| Initial value: | 1,387.685
|
| Barrier level: | 1,595.838, 115% of initial level
|
| Pricing date: | June 12
|
| Settlement date: | June 17
|
| Agents: | UBS Financial Services Inc. and BofA Securities
|
| Fees: | 1.5%
|
| Cusip: | 05591G652
|
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