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Published on 4/24/2018 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $2.93 million leveraged buffered notes on MSCI EAFE

By Marisa Wong

Morgantown, W.Va., April 24 – BofA Finance LLC priced $2.93 million of 0% leveraged buffered notes due June 6, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, capped at par plus 19.6%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

BofA Merrill Lynch is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged buffered notes
Underlying index:MSCI EAFE index
Amount:$2,926,000
Maturity:June 6, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.4 times index return, capped at par plus 19.6%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial level:2,014.20
Pricing date:April 5
Settlement date:April 11
Agent:BofA Merrill Lynch
Fees:None
Cusip:09709TEE7

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