By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – BofA Finance LLC priced $1.5 million of autocallable notes due Jan. 31, 2029 linked to the least performing of the Russell 2000 index and the iShares MSCI Japan ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be called at par plus 10.1% per year if each asset closes at or above its initial level on any quarterly valuation date after one year.
The payout at maturity will be par plus 50.5% if each asset finishes at or above its initial level.
If the least performing asset declines but finishes at or above its threshold level, 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing asset from its initial level.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Autocallable notes
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Underlying assets: | Russell 2000 index, iShares MSCI Japan ETF
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Amount: | $1.5 million
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Maturity: | Jan. 31, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes at or above its initial level, par plus 50.5%; if the least performing asset finishes below initial level but at or above threshold level, par; otherwise, lose 1% for each 1% decline of least performing asset from its initial level
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Call: | Automatically at par plus 10.1% per year if each asset closes at or above its initial level on any quarterly valuation date after one year
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Initial levels: | $66.17 for iShares MSCI Japan, 2,011.424 for Russell
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Threshold levels: | $46.32 for iShares MSCI Japan, 1,407.997 for Russell; 70% of initial levels
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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Selling agent: | BofA Securities, Inc.
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Fees: | 3.35%
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Cusip: | 09710PQC3
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