By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – BofA Finance LLC priced $603,000 of capped buffered return notes due Nov. 28, 2025 linked to the least performing of the SPDR Dow Jones Industrial Average ETF trust and the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If each fund finishes above its initial value, the payout at maturity will be par plus the return of the least performing fund, capped at $1,620 per $1,000 of notes.
If the fund finishes flat or declines by up to 20%, the payout will be par. Investors will be exposed to any losses of the lowest performer beyond the 20% buffer.
The selling agent is BofA Securities, Inc.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Capped buffered return notes
|
| Underlying funds: | SPDR Dow Jones Industrial Average ETF Trust and SPDR S&P 500 ETF trust
|
| Amount: | $603,000
|
| Maturity: | Nov. 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the return of the least performing fund, capped at $1,620 per $1,000; par if worst performing fund finishes flat or declines by up to 20%; exposure to losses of worst performer beyond 20%
|
| Initial values: | $300.43 for Dow and $363.22 for S&P
|
| Buffer levels: | $240.34 for Dow and $290.58 for S&P, 80% of initial levels
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 1%
|
| Cusip: | 09709T2U4
|
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