New Issue: BofA Finance sells $1.46 million capped buffered notes linked to the S&P 500

By Taylor Fox

New York, Aug. 31 – BofA Finance, LLC priced $1.46 million of 0% capped buffered return notes due Nov. 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, up to the maximum payout of $1,090 per note. If the index declines by 16.5% or less, the payout will be par. If the index declines by more than 16.5%, investors will lose 1% for every 1% that the index declines beyond 16.5%.

BofA Securities, Inc. is the underwriter.

Issuer:	BofA Finance, LLC
Guarantor:	Bank of America Corp.
Issue:	Capped buffered return notes
Underlying index:	S&P 500
Amount:	$1,459,000
Maturity:	Nov. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, up to the maximum payout of $1,090 per $1,000 face amount of note; if the index declines by 16.5% or less, the payout will be par; if the index declines by more than 16.5%, investors will lose 1% for every 1% that the index declines beyond 16.5%
Initial level:	3,381.99
Pricing date:	Aug. 17
Settlement date:	Aug. 20
Agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709TR37

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