New Issue: BofA prices $1.9 million dual directional buffered notes on Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., April 6 – BofA Finance LLC priced $1.9 million of 0% dual directional buffered notes due May 4, 2023 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the least-performing index, subject to a maximum payout of par plus 22%.

If the least-performing index falls by up to 10%, the payout will be par plus the absolute value of the return of that index.

Otherwise, investors will lose 1% for every 1% decline of the least-performing index beyond 10%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Dual directional buffered notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$1,898,000
Maturity:	May 4, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in least-performing index capped at 22%; if least-performing index falls by up to 10%, par plus absolute value of return of that index; otherwise, 1% loss for each 1% decline of the worst performer below buffer level
Initial levels:	14,838.49 for Nasdaq, 2,070.125 for Russell
Buffer levels:	13,354.64 for Nasdaq, 1,863.113 for Russell; 90% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Selling agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709UD88

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