New Issue: BofA Finance prices $24.12 million Accelerated Return Notes on S&P SmallCap 600

By William Gullotti

Buffalo, N.Y., April 1 – BofA Finance LLC priced $24.12 million of 0% Accelerated Return Notes due May 30, 2025 linked to the S&P SmallCap 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

BofA sold 2,411,729 units with a face amount of $10 each, for a total principal amount of $24,117,290. The issuer sold 301,500 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $24,102,215.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum payout of par plus 18.72%.

Investors will be exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P SmallCap 600 index
Principal amount:	$24,117,290
Proceeds:	$24,102,215
Maturity:	May 30, 2025
Coupon:	0%
Price:	$9.95 per unit for 301,500 units; par of $10 for remainder
Payout at maturity:	Par plus 300% of any index gain, capped at par plus 18.72%; otherwise, 1% loss for every 1% decline of index from initial value
Initial value:	1,336.77
Pricing date:	March 27
Settlement date:	April 4
Agent:	BofA Securities, Inc.
Fees:	1.25% for 301,500 units; 1.75% for remainder
Cusip:	09710N580

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