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Published on 2/5/2019 in the Prospect News Structured Products Daily.

New Issue: BofA Finance prices $25.8 million digital notes linked to Nasdaq-100

By Angela McDaniels

Tacoma, Wash., Feb. 5 – BofA Finance LLC priced $25.8 million of 0% digital notes due April 30, 2020 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 8.45%. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.

BofA Merrill Lynch is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Digital notes
Underlying index:Nasdaq-100
Amount:$25,795,000
Maturity:April 30, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, plus 8.45%; otherwise, 1.17647% loss for every 1% that index declines beyond 15%
Initial index level:6,875.518
Pricing date:Feb. 1
Settlement date:Feb. 8
Underwriters:BofA Merrill Lynch
Fees:0.93%
Cusip:09709TKZ3

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