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Published on 2/28/2017 in the Prospect News Structured Products Daily.

New Issue: BofA prices $45.67 million Accelerated Return Notes linked to Russell

By Devika Patel

Knoxville, Tenn., Feb. 28 – BofA Finance LLC priced $45.67 million of 0% Accelerated Return Notes due April 27, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of 14.07%.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:Russell 2000
Amount:$45,671,810
Maturity:April 27, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any index gain, capped at 14.07%; 1% loss for each 1% decline
Initial level:1,394.623
Final index level:Average of index’s closing levels on five trading days ending April 24, 2018
Pricing date:Feb. 23
Settlement date:March 2
Underwriter:BofA Merrill Lynch
Fees:2%
Cusip:097096226

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