New Issue: BofA Finance sells $1.4 million capped enhanced return notes on S&P, Russell

Kiku Steinfeld

Chicago, Nov. 20 – BofA Finance, LLC priced $1.4 million of 0% capped enhanced return notes due Nov. 4, 2021 linked to the least performing of the Russell 2000 index and 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.

If the final level of the least-performing index is greater than the initial level, the payout at maturity will be par plus 2 times the least-performing index return, up to the maximum payout of $1,135 per note per $1,000 face amount of notes. If the least-performing index declines by 30% or less, the payout will be par. If the least-performing index declines by more than 30%, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance, LLC
Guarantor:	Bank of America Corp.
Issue:	Capped enhanced return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,396,00
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of the least-performing index is greater than initial level, par plus 2 times index return, up to maximum payout of $1,135 per $1,000 face amount of note; if least-performing index declines by 30% or less, par; otherwise, full exposure to loss
Initial index level:	3,363.00 for S&P, 1,507.692 for Russell
Threshold values:	2,354.10 for S&P, 1,055.384 for Russell, 70% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Selling agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709TT27

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