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Published on 6/1/2017 in the Prospect News Structured Products Daily.

New Issue: BofA prices $109.25 million Accelerated Return Notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., June 1 – BofA Finance LLC priced $109.25 million of 0% Accelerated Return Notes due July 27, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 19.5%.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50
Amount:$109,249,420
Maturity:July 27, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any index gain, return capped at 19.5%; 1% loss for each 1% decline
Initial level:3,584.55
Final index level:Average of index’s closing levels on five trading days ending July 24, 2018
Pricing date:May 25
Settlement date:June 2
Underwriter:BofA Merrill Lynch
Fees:2%
Cusip:097096473

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