By Sarah Lizee
Olympia, Wash., Nov. 6 – BofA Finance LLC priced $1 million of 0% notes due Nov. 5, 2020 linked to 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.
If the index return is positive, the payout at maturity will be par plus two times the index return, capped at par plus 19.25%.
If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Notes
|
| Underlying index: | S&P 500
|
| Amount: | $1 million
|
| Maturity: | Nov. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, return capped at 19.25%; 1% loss for every 1% decline
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 7
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 1.75%
|
| Cusip: | 09709TJP7
|
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