New Issue: BofA prices $4.12 million leveraged buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 25 – BofA Finance LLC priced $4.12 million of 0% leveraged buffered index-linked notes due Aug. 25, 2021 tied 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 closes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum payout of $1,180 per $1,000 of notes.

If the index finishes flat or falls by up to 12.5%, investors will receive par. Otherwise, investors will lose 1.14286%% for every 1% decline beyond 12.5% of its initial level.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$4,122,000
Maturity:	Aug. 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus 1.5 times gain, up to maximum settlement amount of $1,180 per $1,000 of notes; if index finishes flat or falls by up to 12.5%, par; 1.14286%% loss for every 1% decline beyond 12.5%
Initial index level:	3,103.54
Buffer level:	87.5% of initial level
Pricing date:	Nov. 21
Settlement date:	Nov. 29
Agent:	BofA Securities, Inc.
Fees:	0%
Cusip:	09709TXL0

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