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Published on 3/2/2020 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.41 million trigger gears linked to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 2 – BofA Finance LLC priced $2.41 million of 0% trigger gears due Feb. 28, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.15 times the index return. Investors will receive par if the index declines by 25% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 25%.

The notes are guaranteed by Bank of America Corp.

UBS Financial Services Inc. and BofA Securities are the agents.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Trigger gears
Underlying index:MSCI EAFE
Amount:$2,410,700
Maturity:Feb. 28, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is greater than zero, par plus 2.15 times index return; par if index declines by 25% or less; full exposure to index’s decline from initial level if index declines by more than 25%
Initial level:1,908.58
Downside threshold:1,431.44, or 75% of initial level
Pricing date:Feb. 26
Settlement date:Feb. 28
Agents:UBS Financial Services Inc. and BofA Securities
Fees:0%
Cusip:05591G835

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