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Published on 3/27/2020 in the Prospect News Structured Products Daily.

New Issue: BofA Finance prices $375,000 digital notes linked to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 27 – BofA Finance LLC priced $375,000 of 0% digital index-linked notes due Jan. 12, 202 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 12.5%, the payout at maturity will be par plus 24%. Otherwise, investors will lose 1.14286% for every 1% that the index declines beyond 12.5%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Digital index-linked notes
Underlying index:MSCI EAFE
Amount:$375,000
Maturity:Jan. 12, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 12.5%, par plus 24%; otherwise, 1.14286% loss for every 1% that index declines beyond 12.5%
Initial level:1,393.92
Pricing date:March 20
Settlement date:March 27
Underwriter:BofA Securities, Inc.
Fees:None
Cusip:09709TD32

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