By William Gullotti
Buffalo, N.Y., March 6 – BofA Finance LLC priced $1.08 million of 0% capped buffered enhanced return notes due Feb. 4, 2027 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par plus two times any gain in the ETF, up to a to the maximum redemption amount of par plus 52%.
Investors will receive par if the ETF falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
BofA Securities, Inc. is the selling agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Capped buffered enhanced return notes
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Underlying ETF: | VanEck Gold Miners ETF
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Amount: | $1,075,000
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Maturity: | Feb. 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any ETF gain, capped at par plus 52%; par if ETF falls by 20% or less; 1% loss per 1% decline beyond 20%
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Initial share price: | $27.94
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Buffer level: | $22.35, 80% of initial share price
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Selling agent: | BofA Securities, Inc.
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Fees: | 2.5%
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Cusip: | 09710PMD5
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