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Published on 9/1/2020 in the Prospect News Structured Products Daily.

New Issue: BofA prices $9.39 million Accelerated Return Notes tied to index basket

By Sarah Lizee

Olympia, Wash., Sept. 1 – BofA Finance LLC priced $9.39 million of 0% Accelerated Return Notes due Oct. 29, 2021 linked to a global equity basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a 30% weight and the Russell 2000 index with a 10% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 13.56%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:S&P 500 index with a 60% weight, Euro Stoxx 50 index with a 30% weight and Russell 2000 index with a 10% weight
Amount:$9,386,040
Maturity:Oct. 29, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any basket gain, subject to a maximum return of 13.56%; full exposure to any basket decline
Initial levels:3,484.55 for S&P, 3,331.04 for Stoxx, 1,564.563 for Russell
Pricing date:Aug. 27
Settlement date:Sept. 3
Underwriters:BofA Securities, Inc.
Fees:1.75%
Cusip:09710C691

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