New York, March 18 – BofA Finance LLC priced $10 million of jump securities with autocallable feature due March 16, 2034 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 9.05% per year if the index closes at or above its initial level on any annual call determination date.
At maturity, the payout will be par plus 90.5% if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Jump securities with autocallable feature
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| Underlying index: | S&P 500 index
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| Amount: | $10 million
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| Maturity: | March 16, 2034
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 90.5% if the index finishes at or above its initial level; otherwise, full exposure to the decline of the index
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| Call: | Automatically at a price to give a return of 9.05% per year if the index closes at or above its initial level on any annual call determination date
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| Initial level: | 5,117.94
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| Pricing date: | March 12
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| Settlement date: | March 15
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| Agent: | BofA Securities, Inc.
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 0.25%
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| Cusip: | 09711BC95
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