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Published on 9/10/2020 in the Prospect News Structured Products Daily.

New Issue: BofA Finance prices $89,000 digital return notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 10 – BofA Finance LLC priced $89,000 of 0% digital return notes due Feb. 28, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its threshold value, 70% of its initial level, the payout at maturity will be par plus 11%. If either index finishes at or below its threshold value, investors will be fully exposed to the decline of the lesser-performing index.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Digital return notes
Underlying indexes:S&P 500 and Russell 2000
Amount:$89,000
Maturity:Feb. 28, 2022
Coupon:0%
Price:Par
Payout at maturity:If final level of each index is greater than threshold value, par plus 11%; if either index finishes at or below threshold value, full exposure to decline of lesser-performing index
Initial index levels:3,500.31 for S&P, 1,561.876 for Russell
Threshold values:2,450.22 or S&P, 1,093.313 for Russell; 70% of initial levels
Pricing date:Aug. 31
Settlement date:Sept. 3
Selling agent:BofA Securities, Inc.
Fees:None
Cusip:09709TK34

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