By Sarah Lizee
Olympia, Wash., April 22 – BofA Finance LLC priced $854,000 of 0% dual directional buffered notes due April 21, 2022 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index finishes above the initial level, the payout at maturity will be par plus the gain of the index, capped at par plus 30%.
If the index falls by up to 26%, the payout will be par plus 50% of the absolute value of the return of the index.
Otherwise, investors will lose 1% for each 1% loss of the index beyond the buffer.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Dual directional buffered notes
|
| Underlying index: | MSCI Emerging Markets
|
| Amount: | $854,000
|
| Maturity: | April 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes above the initial level, par plus the gain of the index, capped at par plus 30%; if the index falls by up to 26%, par plus 50% of absolute value of the return of the index; otherwise, 1% loss for each 1% loss of the index beyond the buffer
|
| Initial index level: | 1,092.52
|
| Buffer level: | 808.46; 74% of initial level
|
| Pricing date: | April 18
|
| Settlement date: | April 23
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 0.25%
|
| Cusip: | 09709TQC8
|
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