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Published on 6/12/2018 in the Prospect News Structured Products Daily.

New Issue: BofA prices $3.58 million leveraged buffered notes due 2019 on indexes

By Sarah Lizee

Olympia, Wash., June 12 – BofA Finance LLC priced $3.58 million of 0% leveraged buffered notes due Nov. 13, 2019 linked to a 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 includes the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 1.8 times any basket gain, up to a maximum settlement amount of $1,288.36 per $1,000 of notes.

Investors will receive par if the basket falls by 12.5% or less and will lose 1.142857% for every 1% decline in the basket beyond 12.5%.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged buffered notes
Basket:Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:$3,582,000
Maturity:Nov. 13, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.8 times any basket gain, up to maximum settlement amount of $1,288.36 per $1,000 of notes; par if basket falls by 12.5% or less; 1.142857% loss for every 1% decline in the basket beyond 12.5%
Initial levels:3,447.3 for Stoxx, 7,681.07 for FTSE, 1,781.44 for Topix, 8,512.06 for Swiss Market and 6,045.183 for S&P/ASX
Pricing date:June 8
Settlement date:June 15
Underwriter:BofA Merrill Lynch
Fees:None
Cusip:09709TEW7

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