By William Gullotti
Buffalo, N.Y., Oct. 26 – BofA Finance LLC priced $6.86 million of 0% market-linked one look notes due Nov. 3, 2023 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the ETF finishes flat or gains, the payout at maturity will be par plus 35%.
Investors will be fully exposed to any ETF decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Market-linked one look notes
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| Underlying fund: | VanEck Vectors Gold Miners ETF
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| Principal amount: | $6.86 million
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| Maturity: | Nov. 3, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 35% unless ETF finishes below its initial price, in which case full exposure to losses
|
| Initial price: | $23.18
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 27
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 06054B859
|
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