By William Gullotti
Buffalo, N.Y., March 1 – BofA Finance LLC priced $4.63 million of 0% Leveraged Index Return Notes due Feb. 23, 2029 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus 1.123 times any index gain.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $4,630,360
|
| Maturity: | Feb. 23, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.123 times any index gain; if index falls by up to 20%, par; otherwise, 1% loss for every 1% index decline beyond 20%
|
| Initial level: | 33,153.91
|
| Threshold level: | 26,523.13; 80% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | March 2
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06054E325
|
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