By Wendy Van Sickle
Columbus, Ohio, Dec. 19 – BofA Finance LLC priced $2.24 million of 0% market-linked one look notes due Dec. 21, 2023 linked to the WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the commodity finishes at or above 84% of its initial level, the payout at maturity will be par plus 20%. Otherwise, investors will be exposed to any commodity decline beyond 16%.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked one look notes
|
| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Principal amount: | $2,244,500
|
| Maturity: | Dec. 21, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 20% if commodity finishes at or above 84% of its initial level; exposure to losses beyond 16%
|
| Initial price: | $73.67
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 20
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 06054E192
|
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