By Wendy Van Sickle
Columbus, Ohio, Feb. 27 – BofA Finance LLC priced $9.95 million of 0% digital index-linked notes due April 22, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 18.35%. Otherwise, investors will lose 1.17647% for each 1% decline beyond the buffer.
BofA Securities is the underwriter.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500
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Amount: | $9.95 million
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Maturity: | April 22, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above 85% of its initial level, par plus 18.35%; otherwise, 1.17647% loss for every 1% decline in index beyond 15%
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Initial index level: | 4,958.61
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Buffer level: | 85% of initial level
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Pricing date: | Feb. 2
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Settlement date: | Feb. 9
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Underwriters: | BofA Securities
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Fees: | None
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Cusip: | 09710PTE6
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