New Issue: BofA sells $6.2 million digital index-linked notes due 2022 on S&P 500

By Kiku Steinfeld

Chicago, July 5 – BofA Finance LLC priced $6.2 million of 0% digital index-linked notes due Feb. 3, 2022 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 $1,156 for each $1,000 principal amount of notes.

Otherwise, investors will lose 1.17647% for each 1% decline beyond the 15% 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:	$6,200,000
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 11.56%; otherwise, 1.17647% loss per 1% decline beyond buffer
Initial level:	2,744.45
Pricing date:	June 3
Settlement date:	June 10
Agent:	BofA Securities, Inc.
Fees:	1.96%
Cusip:	09709TRQ6

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