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Published on 11/15/2017 in the Prospect News Structured Products Daily.

New Issue: BofA prices $8.37 million Leveraged Index Return Notes on index basket

By Marisa Wong

Morgantown, W.Va., Nov. 15 – BofA Finance LLC priced $8.37 million of 0% Leveraged Index Return Notes due Nov. 10, 2022 linked to a basket comprised of the Dow Jones industrial average with a 40% weight, the Euro Stoxx 50 index with a 40% weight and the MSCI Emerging Markets index with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the basket return is positive, the payout at maturity will be par of $10 plus 160% of the basket return. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket may decline beyond 10%.

BofA Merrill Lynch is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged Index Return Notes
Underlying basket:Dow Jones industrial average (40% weight), Euro Stoxx 50 index (40% weight), MSCI Emerging Markets (20% weight)
Amount:$8,371,200
Maturity:Nov. 10, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:If the basket return is positive, par plus 160% of the basket return; par if the basket declines by 10% or less; 1% loss for every 1% that the basket may decline beyond 10%
Initial index levels:23,422.21 for Dow, 3,593.76 for Euro Stoxx, 1,128.49 for MSCI EM
Pricing date:Nov. 10
Settlement date:Nov. 17
Underwriter:BofA Merrill Lynch
Fees:2.5%
Cusip:097097190

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