By Wendy Van Sickle
Columbus, Ohio, June 7 – BofA Finance LLC priced $4.7 million of 0% leveraged notes due Nov. 27, 2019 linked to the performance of the U.S. dollar value of the S&P/TSX 60 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, capped at $1,202.50 for each $1,000 of notes.
If the index return is zero or negative, the payout will be par plus the index return with full exposure to losses.
The U.S. dollar value of the index will be determined by multiplying the index closing level by the U.S. dollar/Canadian dollar exchange rate on the relevant day.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Leveraged notes
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| Underlying index: | Dollar value of S&P/TSX 60 index
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| Amount: | $4.72 million
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| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 3 times index return up to a maximum payout of $1,202.50 for each $1,000 of notes; full exposure to decline
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| Initial level: | 733.44632, closing level of index multiplied by exchange rate of 0.7704 on May 25
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| Adjusted closing level: | Closing level of index on Nov. 25, 2019, multiplied by exchange rate on that day
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| Pricing date: | May 25
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| Settlement date: | June 4
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| Agent: | BofA Merrill Lynch
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| Fees: | 1.33%
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| Cusip: | 09709TER8
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