New Issue: BofA sells $24.72 million leveraged buffered notes due 2020 on S&P 500

By Sarah Lizee

Olympia, Wash., July 23 – BofA Finance LLC priced $24.72 million of 0% leveraged buffered notes due June 23, 2020 linked to the S&P 500 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 1.5 times the index return, subject to a maximum settlement amount of $1,228 for each $1,000 principal amount of notes.

Investors will receive par if the index declines by 12.5% or less and will lose 1.14286% for every 1% that it declines beyond 12.5%.

BofA Merrill Lynch is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$24,715,000
Maturity:	June 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times index return, subject to a maximum settlement amount of $1,228 per $1,000 of notes; par if index declines by 12.5% or less; 1.14286% loss for every 1% that index declines beyond 12.5%
Initial level:	2,804.49
Pricing date:	July 19
Settlement date:	July 26
Agent:	BofA Merrill Lynch
Fees:	None
Cusip:	09709TFS5

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