New Issue: BofA Finance sells $500,000 enhanced return notes on funds

By Taylor Fox

New York, Dec. 17 – BofA Finance LLC priced $500,000 of 0% enhanced return notes due Dec. 20, 2023 linked to the least performing of the Financial Select Sector SPDR fund, the Technology Select Sector SPDR fund and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the funds gain, the payout at maturity will be par plus 1.6 times the index gain of the worst performer.

If the funds declines by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the lesser performing fund declines from its initial level.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Enhanced return notes
Underlying assets:	Financial Select Sector SPDR fund, the Technology Select Sector SPDR fund and the Consumer Discretionary Select Sector SPDR fund
Amount:	$500,000
Maturity:	Dec. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any fund gain if lesser performing fund gain; if any fund declines by up to 25%, par; otherwise, investors will lose 1% for every 1% the lesser performing fund declines from its initial level
Initial levels:	$28.61 for Financial Select, $126.83 for Technology Select and $158.64 for Consumer Discretionary
Threshold levels:	$21.46 for Financial Select, $95.12 for Technology Select and $118.98 for Consumer Discretionary, 75% of initial levels
Pricing date:	Dec. 15
Settlement date:	Dec. 18
Agent:	BofA Securities, Inc.
Fees:	1%
Cusip:	09709T3X7

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