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Published on 3/13/2018 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.1 million autocallable yield notes on three stocks

By Wendy Van Sickle

Columbus, Ohio, March 13 – BofA Finance LLC priced $2.1 million of 10% autocallable yield notes due June 13, 2019 linked to the common stocks of FedEx Corp., MetLife, Inc. and Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Interest is payable quarterly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless any stock finishes below its 65% barrier, in which case investors will be fully exposed to the decline of the least-performing stock.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Autocallable yield notes
Underlying assets:FedEx Corp., MetLife, Inc. and Walgreens Boots Alliance, Inc. stocks
Amount:$2.1 million
Maturity:June 13, 2019
Coupon:10% per year, payable quarterly
Price:Par
Payout at maturity:Par plus the final coupon unless any asset finishes below its barrier level, in which case 1% loss for each 1% decline of the worst-performing asset
Call:At par if each stock closes at or above its initial level on any quarterly observation date
Initial levels:$239.06 for FedEx, $46.67 for MetLife, $70.00 for Walgreens
Barrier levels:$155.389 for FedEx, $30.336 for MetLife, $45.50 for Walgreens, 65% of initial levels
Pricing date:March 8
Settlement date:March 13
Agent:BofA Merrill Lynch
Fees:0%
Cusip:09709TDY4

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