New Issue: BofA prices $1.65 million buffered enhanced return notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 24 – BofA Finance LLC priced $1.65 million of 0% buffered enhanced return securities due May 18, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, capped at par plus 16.6%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Buffered enhanced return securities
Underlying index:	S&P 500
Amount:	$1.65 million
Maturity:	May 18, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index’s final level is greater than initial level, par plus 200% of index return, capped at par plus 16.6%; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
Initial level:	2,480.64
Buffer level:	2,232.58, or 90% of initial level
Strike date:	March 12
Pricing date:	March 13
Settlement date:	March 18
Agent:	BofA Securities, Inc.
Fees:	1.25%
Cusip:	09709TD99

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