By Sarah Lizee
Olympia, Wash., Feb. 5 – BofA Finance LLC priced $1.13 million of conditional participation daily trigger observation notes due Feb. 4, 2021 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.
A trigger event will occur if the index increases above 120.5% of its initial value or below 79.5% of its initial value on any day during the life of the notes.
If a trigger event does not occur and the final index level is equal to or greater than the initial level, the payout at maturity will be par plus the return of the index.
If a trigger event does not occur and the final index level is less than the initial level, the payout will be par plus the absolute value of the return of the index.
If a trigger event has occurred, the payout will be par plus 2%.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Conditional participation daily trigger observation notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,132,000
|
| Maturity: | Feb. 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a trigger event does not occur and the final index level is equal to or greater than the initial level, par plus the return of the index; if a trigger event does not occur and the final index level is less than the initial level, par plus the absolute value of the return of the index; if a trigger event has occurred, par plus 2%; trigger event will occur if index increases above 120.5% of its initial value or below 79.5% of its initial value on any day during the life of the notes
|
| Initial index level: | 2,681.05
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| Upper trigger level: | 3,230.67, 120.5% of initial value
|
| Lower trigger level: | 2,131.43, 79.5% of initial value
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Underwriters: | BofA Merrill Lynch
|
| Fees: | 0.705%
|
| Cusip: | 09709TKV2
|
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