By Wendy Van Sickle
Columbus, Ohio, July 11 – BofA Finance LLC priced $10 million of autocallable bear Strategic Accelerated Redemption Securities due July 5, 2024 linked to the S&P 500 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 a premium of 37.5% per year if the closing level of the index is less than or equal to its starting value on any quarterly valuation date.
If the notes are not called at maturity, investors lose 1% for each 1% gain in the index.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Autocallable bear Strategic Accelerated Redemption Securities
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| Underlying index: | S&P 500 index
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| Amount: | $10 million
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| Maturity: | July 5, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If not called, lose 1% for each 1% gain of the index
|
| Call: | At par plus 37.5% per year if the closing level of the index is less than or equal to its starting value on any quarterly valuation date
|
| Initial level: | 4,328.82
|
| Agent: | BofA Securities, Inc.
|
| Pricing date: | June 26
|
| Settlement date: | July 3
|
| Fees: | 0.75%
|
| Cusip: | 06054E747
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