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Published on 7/30/2019 in the Prospect News Structured Products Daily.

New Issue: BofA prices $10.67 million Capped Leveraged Index Return Notes on EM index

By Sarah Lizee

Olympia, Wash., July 30 – BofA Finance LLC priced $10.67 million of 0% Capped Leveraged Index Return Notes due July 30, 2021 linked to the MSCI Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus 2 times any index gain, subject to a maximum return of 20.22%.

If the index declines by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:MSCI Emerging Markets
Amount:$10,670,350
Maturity:July 30, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2 times any index gain, subject to a maximum return of 20.22%; if the index declines by up to 10%, par; otherwise, investors will lose 1% for every 1% decline beyond 10%
Initial index level:1,054.29
Threshold level:948.86, 90% of initial level
Pricing date:July 25
Settlement date:Aug. 1
Agent:BofA Securities, Inc.
Fees:2%
Cusip:097098750

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