New Issue: BofA prices $1.98 million dual directional barrier notes linked to Russell, S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 1 – BofA Finance LLC priced $1.98 million of dual directional barrier notes due Feb. 26, 2021 linked to the lesser 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 each index finishes at or above its initial level, the payout at maturity will be par plus 126% of the return of the worse performing index.

If either index falls but finishes at or above its 70% threshold, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Dual directional barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,984,000
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 126% of gain of lesser performing index; if either index falls but finishes at or above threshold, par plus absolute value of return of worse performing index; otherwise, full exposure to any losses of worse performing index
Initial levels:	1,394.623 for Russell, 2,363.81 for S&P
Barrier levels:	976.236 for Russell, 1,654.67 for S&P; 70% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	BofA Merrill Lynch
Fees:	4%
Cusip:	09709TAE1

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