By William Gullotti
Buffalo, N.Y., March 5 – BofA Finance LLC priced $5.65 million of 0% market-linked one look notes with enhanced buffer due March 24, 2025 linked to the performance of a 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 90.25% of its initial level, the payout at maturity will be par plus 16%.
Otherwise, investors will lose 1% for each 1% that the commodity declines beyond 9.75%.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked one look notes with enhanced buffer
|
| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Amount: | $5,650,740
|
| Maturity: | March 24, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 16% if commodity finishes at or above buffer level; otherwise, lose 1% for each 1% decline beyond 9.75%
|
| Initial level: | $71.35
|
| Buffer level: | $64.39; 90.25% of initial level
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 7
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 09710N424
|
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