By William Gullotti
Buffalo, N.Y., March 1 – BofA Finance LLC priced $6.65 million of 0% Leveraged Index Return Notes due Feb. 23, 2024 linked to the Russell 2000 index, according to a 424B2 filed 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 double any index gain, subject to a maximum return of par plus 20.3%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $6,650,400
|
| Maturity: | Feb. 23, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times any index gain capped at 20.3%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond 10%
|
| Initial level: | 1,996.007
|
| Threshold level: | 1,796.406; 90% of initial level
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 3
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 09710F207
|
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