New Issue: BofA Finance sells $6.75 million capped airbag gears due 2021 linked to S&P

By Taylor Fox

New York, Nov. 23 – BofA Finance LLC priced $6.75 million of 0% capped airbag gears due Nov. 17, 2021 linked to 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 the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at par plus 11.75%. Investors will receive par if the index falls by up to 10% and will lose 1.11% for each 1% that the index may decline beyond 10%.

BofA Securities, Inc. is the agent with UBS Financial Services Inc. acting as the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped airbag gears
Underlying index:	S&P 500 index
Amount:	$6,748,000
Maturity:	Nov. 17, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 11.75%; par if the index falls by up to 10%; otherwise, 1.11% loss for every 1% index decline beyond 10%
Initial level:	3,550.50
Downside threshold:	3,195.45, 90% of initial level
Pricing date:	Nov. 9
Settlement date:	Nov. 16
Agents:	BofA Securities, Inc. and UBS Financial Services Inc.
Fees:	None
Cusip:	05591G314

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