By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – BofA Finance LLC priced $3.69 million of 0% market-linked securities due Aug. 4, 2025 – autocallable with fixed-percentage buffered downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9.9% annualized call premium if the index closes at or above its initial level on any annual call observation date.
The payout at maturity will be par unless the index finishes below its 90% buffer, in which case investors will be exposed to losses beyond the buffer.
The notes are guaranteed by Bank of America Corp.
Wells Fargo Securities, LLC and BofA Securities, Inc. are the agents.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Market linked securities – autocallable with fixed-percentage buffered downside
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| Underlying index: | S&P 500 index
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| Amount: | $3,689,000
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| Maturity: | Aug. 4, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the index falls by more than 10%, in which case 1% loss per 1% decline beyond 10%
|
| Call: | At par plus 9.9% annualized call premium if the index closes at or above its initial level on any annual call observation date
|
| Initial level: | 4,072.43
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| Buffer level: | 3,665.187; 90% of initial level
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agents: | Wells Fargo Securities, LLC and BofA Securities, Inc.
|
| Fees: | 2.725%
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| Cusip: | 09709U3G1
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