By Emma Trincal
New York, July 5 – BofA Finance LLC priced $747,000 of market-linked securities –autocallable with fixed percentage buffered downside – due July 6, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be called at par plus 9.5% per year the index closes at or above its initial level on any annual call valuation date.
The payout at maturity will be par plus 38% if the index finishes at or above its initial level.
If the final index level is less than its initial value but not by more than 10%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index beyond the 10% buffer.
Wells Fargo Securities, LLC and BofA Securities, Inc. are the selling agents.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Autocallable notes with fixed percentage buffered downside
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| Underlying index: | Russell 2000 index
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| Amount: | $747,000
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| Maturity: | July 6, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at above its initial level, par plus 38%; if the index finishes below initial level but not by more than 10%, par; otherwise, investors will be fully exposed to the decline of the index beyond the 10% buffer
|
| Call: | Automatically at par plus 9.5% per year if the index closes at or above its initial level on any annual call valuation date
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| Initial level: | 1,719.37
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| Buffer threshold: | 1,547.433; 90% of initial level
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| Pricing date: | June 29
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| Settlement date: | July 5
|
| Selling agents: | Wells Fargo Securities, LLC and BofA Securities, Inc.
|
| Fees: | 2.825%
|
| Cusip: | 09709UZ50
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