New Issue: BofA Finance prices $24.97 million digital notes linked to Russell

By Sarah Lizee

Olympia, Wash., July 5 – BofA Finance LLC priced $24.97 million of 0% digital notes due Aug. 5, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 5.42%. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital notes
Underlying index:	Russell 2000
Amount:	$24,965,000
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 5.42%; otherwise, 1.17647% loss for every 1% that index declines beyond 15%
Initial index level:	1,569.663
Pricing date:	July 1
Settlement date:	July 9
Underwriters:	BofA Securities, Inc.
Fees:	0.71%
Cusip:	09709TSM4

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