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Published on 8/18/2020 in the Prospect News Structured Products Daily.

New Issue: BofA prices $8.81 million Capped Leveraged Index Return Notes on Health Care Select

By Kiku Steinfeld

Chicago, Aug. 18 – BofA Finance LLC priced $8.81 million of 0% Capped Leveraged Index Return Notes due July 29, 2022 linked to the Health Care Select Sector 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 15.6%.

If the index declines by up to 5%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:Health Care Select Sector
Amount:$8,809,580
Maturity:July 29, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2 times any index gain, subject to a maximum return of 15.6%; if the index declines by up to 5%, par; otherwise, investors will lose 1% for every 1% decline beyond 5%
Initial index level:1,071.19
Threshold level:1,017.63, 95% of initial level
Pricing date:July 30
Settlement date:Aug. 6
Agent:BofA Securities, Inc.
Fees:2%
Cusip:09710C642

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