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Published on 11/10/2017 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $916,000 leveraged notes linked to index basket

By Marisa Wong

Morgantown, W.Va., Nov. 10 – BofA Finance LLC priced $916,000 of 0% leveraged notes due July 9, 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 triple any basket gain, up to a maximum settlement amount of $1,475.50 per $1,000 of notes.

Investors will be fully exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leverage notes
Basket components:Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:$916,000
Maturity:July 9, 2019
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 300% of gain, capped at $1,475.50 per $1,000 of notes; full exposure to losses
Initial levels:3,688.80 for Euro Stoxx, 7,555.32 for FTSE, 1,794.08 for Topix, 9,279.65 for Swiss Market and 5,931.707 for S&P/ASX
Pricing date:Nov. 2
Settlement date:Nov. 9
Agent:BofA Merrill Lynch
Fees:None
Cusip:09709TBV2

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