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Published on 10/30/2017 in the Prospect News Structured Products Daily.

New Issue: BofA prices $41.91 million Capped Leveraged Index Return Notes on S&P

By Marisa Wong

Morgantown, W.Va., Oct. 30 – BofA Finance LLC priced $41.91 million of 0% Capped Leveraged Index Return Notes due Oct. 25, 2019 linked to the S&P 500 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 double any index gain, subject to a maximum return of 11.24%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:S&P 500
Amount:$41,909,140
Maturity:Oct. 25, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, return capped at 11.24%; par if index falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
Initial index level:2,560.40
Threshold level:2,304.36, 90% of initial level
Pricing date:Oct. 26
Settlement date:Nov. 2
Agent:BofA Merrill Lynch
Fees:2%
Cusip:097096812

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