By Kiku Steinfeld
Chicago, June 22 – BofA Finance LLC priced $2.77 million of 0% trigger bearish autocallable notes due June 18, 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par plus a 24% annualized premium if the index closes at or below its initial level on a monthly observation date after three months.
If the notes are not called, the payout at maturity will be par minus 1% for every 1% gain of the index from its initial level.
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: | $2,771,000
|
| Maturity: | June 18, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 24% a year if index closes at or below initial level on monthly observation date after three months
|
| Payout at maturity: | Par minus 1% for each 1% index gain
|
| Initial value: | 1,387.685
|
| Pricing date: | June 12
|
| Settlement date: | June 17
|
| Agents: | UBS Financial Services Inc. and BofA Securities
|
| Fees: | 1.5%
|
| Cusip: | 05591G678
|
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