By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – BofA Finance LLC priced $1.05 million of 0% buffered autocallable notes due Sept. 14, 2028 linked to the lesser performing of the S&P 500 index, 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 8.8% if the index closes at or above its initial level on any annual call date.
If the notes are not called, the payout at maturity will be par plus 52.8% if the index finishes at or above its initial level. If the index declines but finishes at or above its buffer level, 90% of its initial level, investors will lose 1% for each 1% decline beyond 10%.
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: | Buffered autocallable notes
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| Underliers: | S&P 500 index
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| Amount: | $1.05 million
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| Maturity: | Sept. 14, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 52.8% if the index finishes at or above initial level; if index declines but finishes at or above buffer level, par; otherwise, 1% loss for each 1% decline beyond 10%
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| Call: | At par plus 8.8% if the index closes at or above its initial level on any annual call date
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| Initial level: | 4,067.36
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| Buffer level: | 3,660.62; 90% of initial level
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| Pricing date: | Sept. 9
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| Settlement date: | Sept. 14
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 3.5%
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| Cusip: | 09709V2U9
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