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Published on 4/12/2017 in the Prospect News Structured Products Daily.

New Issue: BofA sells $9.15 million Accelerated Return Notes tied to index basket

By Marisa Wong

Morgantown, W.Va., April 12 – BofA Finance LLC priced $9.15 million of 0% Accelerated Return Notes due May 25, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the S&P 500 index with a 60% weight and the Euro Stoxx 50 index and the MSCI Emerging Markets index each with a 20% weight.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 12.1%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:S&P 500 index (60% weight), Euro Stoxx 50 index (20% weight), MSCI Emerging Markets index (20% weight)
Amount:$9,154,650
Maturity:May 25, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any basket gain, capped at 12.1%; exposure to any basket decline
Initial index levels:2,368.08 for S&P, 3,481.58 for Euro Stoxx; 969.47 for MSCI EM
Final index levels:For each index, average of its closing levels on five trading days ending May 22, 2018
Pricing date:March 30
Settlement date:April 6
Agent:BofA Merrill Lynch
Fees:2%
Cusip:097096333

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