New Issue: BofA prices $778,000 dual directional buffered notes tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., June 5 – BofA Finance LLC priced $778,000 of 0% dual directional buffered notes due June 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 finishes at or above the initial level, the payout at maturity will be the return of the lesser performing index up to a 19% maximum return.

If either index falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.

If either index falls by more than 20%, investors will lose 1% for each 1% decline of the lesser-performing index beyond the buffer.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Dual directional buffered notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$778,000
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of lesser-performing index, up to 19% maximum return; if either index falls but by no more than 20% buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 20%, investors will lose 1% for each 1% decline of the lesser-performing index beyond buffer
Initial levels:	2,788.86 for S&P, 1,485.531 for Russell
Pricing date:	May 30
Settlement date:	June 4
Agent:	BofA Merrill Lynch
Fees:	0.5%
Cusip:	09709TQW4

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