New Issue: BofA sells $106,000 capped buffered return notes on Russell, S&P

By Taylor Fox

New York, Nov. 11 – BofA Finance LLC priced $106,000 of capped buffered return notes due Oct. 20, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 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 above its initial value, the payout at maturity will be par plus the return of the least performing index, capped at $1,175 per $1,000 of notes.

If the index finishes flat or declines by up to 20%, the payout will be par. Investors will be exposed to any losses of the lowest performer beyond the 20% buffer.

The agent is BofA Securities, Inc.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped buffered return notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$106,000
Maturity:	Oct. 20, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the return of the least performing index, capped at $1,175 per $1,000; par if worst performing index finishes flat or declines by up to 20%; exposure to losses of worst performer beyond 20%
Initial values:	1,638.883 for Russell and 3,483.34 for S&P
Buffer levels:	1,311.106 for Russell and 2,786.67 for S&P, 80% of initial levels
Pricing date:	Oct. 15
Settlement date:	Oct. 20
Agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709TX63

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