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Published on 3/27/2019 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.56 million leveraged buffered notes on MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 27 – BofA Finance LLC priced $2.56 million of 0% leveraged buffered notes due Nov. 10, 2020 linked to the MSCI EAFE 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 positive, the payout at maturity will be par plus 1.7 times the index return, subject to a maximum settlement amount of $1,234.60 for each $1,000 principal amount of notes.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged buffered notes
Underlying index:MSCI EAFE
Amount:$2,557,000
Maturity:Nov. 10, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.7 times index return, subject to a maximum settlement amount of $1,234.60 per $1,000 of notes; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial level:1,882.97
Buffer level:90% of initial level
Pricing date:March 22
Settlement date:March 29
Agent:BofA Merrill Lynch
Fees:0%
Cusip:09709TPG0

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