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Published on 5/18/2018 in the Prospect News Structured Products Daily.

New Issue: BofA sells $7.83 million Accelerated Return Notes tied to index basket

By Tali Rackner

Minneapolis, May 18 – BofA Finance LLC priced $7.83 million of 0% Accelerated Return Notes due June 27, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 40% weight and the Russell 2000 index with a 10% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 14.25%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:S&P 500 with a 50% weight, Euro Stoxx 50 with a 40% weight and Russell 2000 with a 10% weight
Amount:$7,829,330
Maturity:June 27, 2019
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus triple any basket gain, capped at 14.25%; exposure to any basket decline
Initial levels:2,693.13 for S&P 500, 3,486.60 for Stoxx, 1,573.818 for Russell
Pricing date:April 19
Settlement date:April 27
Underwriters:BofA Merrill Lynch
Fees:2% plus 0.75% hedging charge
Cusip:097097539

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