By Wendy Van Sickle
Columbus, Ohio, Oct. 23 – BofA Finance LLC priced $1.94 million of 0% buffered digital return notes due Oct. 21, 2022 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.
The payout at maturity will be par plus 20.25% if the index finishes at or above its initial level.
If the index declines by up to 17%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 17%.
BofA Merrill Lynch. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Buffered digital return notes
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Underlying index: | S&P 500
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Amount: | $1.94 million
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Maturity: | Oct. 21, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 20.25% if index finishes at or above initial level; if index declines by up to 17%, par; otherwise, loss of 1% for every 1% index decline beyond 17%
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Initial levels: | 2,986.2
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Threshold level: | 2,478.55, 83% of initial levels
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Pricing date: | Oct. 18
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Settlement date: | Oct. 23
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Agent: | BofA Securities, Inc.
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Selling agent: | BofA Merrill Lynch
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Fees: | 0.25%
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Cusip: | 09709TWR8
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