New Issue: BofA sells $150,000 buffered notes due 2021 tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Feb. 5 – BofA Finance LLC priced $150,000 of 0% buffered notes due Feb. 3, 2021 linked to the Russell 2000 index and 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 each index return is positive, the payout at maturity will be par plus 2 times the return of the lesser performing index, subject to a maximum settlement amount par plus 31.5%.

Investors will receive par if either index declines by up to 10% and will lose 1% for every 1% that the lesser performing index declines beyond 10%.

BofA Merrill Lynch is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Buffered notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$150,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 2 times the return of the lesser performing index, subject to a maximum settlement amount par plus 31.5%; par if either index declines by up to 10%; 1% loss for every 1% that the lesser performing index declines beyond 10%
Initial levels:	2,681.05 for S&P, 1,486.942 for Russell
Buffer levels:	2,412.95 for S&P, 1,338.248 for Russell, 90% of initial levels
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	BofA Merrill Lynch
Fees:	0.75%
Cusip:	09709TJD4

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