By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – BofA Finance LLC priced $1 million of 0% dual directional buffered notes due Aug. 4, 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 at or above the initial level, the payout at maturity will be the return of the index up to a 30% maximum return.
If the index falls but by no more than the 24% buffer, the payout will be par plus 50% of the absolute value of the return of the index.
If the index falls by more than 24%, investors will lose 1% for the 1% decline of the index beyond the buffer.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Dual directional buffered notes
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| Underlying index: | MSCI Emerging Markets
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| Amount: | $1 million
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| Maturity: | Aug. 4, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index gains, par plus return of index, up to 30% maximum return; if the index falls but by no more than 24% buffer, par plus 50% of absolute value of return of index; if the index falls by more than 24%, investors will lose 1% for the 1% decline of the index beyond buffer
|
| Initial level: | 1,043.14
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| Threshold value: | 792.79, 76% of initial value
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| Pricing date: | July 30
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| Settlement date: | Aug. 2
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| Agent: | BofA Merrill Lynch
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| Fees: | 0.25%
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| Cusip: | 09709TTK7
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