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Published on 10/11/2019 in the Prospect News Structured Products Daily.

New Issue: BofA sells $988,000 leveraged buffered notes tied to index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 11 – BofA Finance LLC priced $988,000 of 0% leveraged buffered notes due April 12, 2022 linked to a basket of an ETF and an index, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 index with a 50% weight and the iShares MSCI EAFE ETF with a 50% weight.

The payout at maturity will be par plus 105% of any basket gain up to a maximum settlement amount of $1,283.50 for each $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged buffered notes
Underlying indexes:Russell 2000 index (50% weight), iShares MSCI EAFE ETF (50% weight)
Amount:$988,000
Maturity:April 12, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 105% of any basket gain up to maximum settlement amount of $1,283.50 for each $1,000 face amount; par if basket falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial index levels:1,497.787 for index, $64.09 for ETF
Pricing date:Oct. 7
Settlement date:Oct. 10
Agent:BofA Securities, Inc.
Fees:0.75%
Cusip:09709TWG2

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