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Published on 9/23/2019 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.34 million buffered digital notes linked to energy fund

By Angela McDaniels

Tacoma, Wash., Sept. 23 – BofA Finance LLC priced $2.34 million of 0% buffered digital return notes due Sept. 22, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 38%. Investors will receive par if the fund declines by 15% or less and will lose 1% for every 1% that the fund declines beyond 15%.

The notes are guaranteed by Bank of America Corp.

BofA Securities Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Buffered digital return notes
Underlying ETF:Energy Select Sector SPDR fund
Amount:$2,343,000
Maturity:Sept. 22, 2022
Coupon:0%
Price:Par
Payout at maturity:If final share price is greater than or equal to initial share price, par plus 38%; par if fund declines by 15% or less; 1% loss for every 1% that fund declines beyond 15%
Initial share price:$62.25 (closing price on Sept. 17)
Threshold value:$52.91, or 85% of initial share price
Pricing date:Sept. 18
Settlement date:Sept. 23
Underwriter:BofA Securities Inc.
Fees:0.25%
Cusip:09709TVJ7

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