By Wendy Van Sickle
Columbus, Ohio, April 24 – BofA Finance LLC priced $20.19 million of 0% market-linked one look notes due June 27, 2025 linked to the shares of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the stock finishes flat or gains, the payout at maturity will be par plus 37.2%.
Investors will be fully exposed to any stock decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Market-linked one look notes
|
| Underlying fund: | Intel Corp.
|
| Principal amount: | $20,191,300
|
| Maturity: | June 27, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 37.2% unless stock finishes below its initial price, in which case full exposure to losses
|
| Initial price: | $35.14
|
| Pricing date: | April 18
|
| Settlement date: | April 25
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 09710N655
|
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