By Marisa Wong
Morgantown, W.Va., April 11 – BofA Finance LLC priced $76,895,940 of market-linked step-up notes due June 3, 2019 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The basket consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.
If the basket finishes above its step-up level – 114.5% of the initial level – the payout at maturity will be par plus the gain.
If the basket gains by up to the step-up level, the payout will be par plus the step-up return of 14.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Market-linked step-up notes
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Underlying basket: | Euro Stoxx 50 index with an initial weight of 40%, FTSE 100 index with an initial weight of 20%, Nikkei Stock Average index with an initial weight of 20%, Swiss Market index with an initial weight of 7.5%, S&P/ASX 200 index with an initial weight of 7.5% and Hang Seng index with an initial weight of 5%
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Amount: | $76,895,940
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Maturity: | June 3, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If basket finishes at or above the step-up level, par plus gain; if basket gains by up to step-up level, par plus 14.5%; full exposure to losses
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Step-up level: | 114.5% of initial level
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Pricing date: | March 28
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Settlement date: | April 5
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 097097422
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