New Issue: BofA sells $7.95 million 5.55% fixed-income callable yield notes on S&P, Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Oct. 19 – BofA Finance LLC priced $7.95 million of 5.55% fixed-income callable yield notes due July 31, 2023 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is paid semiannually.

The notes may be called at par plus the fixed interest payment on any semiannual determination date

The payout at maturity will be par plus the fixed interest payment unless any index finishes below its 65% knock-in level, in which case investors will be fully exposed to any losses of the worst 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:	Fixed-income callable yield notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:	$7,948,000
Maturity:	July 31, 2023
Coupon:	5.55% annualized, paid semiannually
Price:	Par
Payout at maturity:	If each index finishes above its knock-in level, par plus coupon; otherwise, 1% loss for each 1% decline of worst performing index
Call option:	At par plus coupon on any semiannual determination date
Initial levels:	15,125.95 for Nasdaq, 4,422.3 for S&P, 35,144.31 for Dow
Knock-in levels:	9,831.87 for Nasdaq, 2,874.5 for S&P, 22,843.8 for Dow, 65% of initial levels
Pricing date:	July 26
Settlement date:	July 30
Selling agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09659UNQ7

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