New Issue: BofA sells $7.28 million digital index-linked notes due 2021 on S&P 500

By Sarah Lizee

Olympia, Wash., June 17 – BofA Finance LLC priced $7.28 million of 0% digital index-linked notes due Oct. 12, 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 finishes at or above 85% of its initial level, the payout at maturity will be $1,145 for each $1,000 principal amount.

Otherwise, investors will lose 1.17647% for each 1% decline beyond the buffer.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$7,277,000
Maturity:	Oct. 12, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 14.5%; otherwise, 1.17647% loss per 1% decline beyond buffer
Initial level:	2,891.64
Pricing date:	June 13
Settlement date:	June 20
Agent:	BofA Securities, Inc.
Fees:	None
Cusip:	09709TRD5

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