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Published on 3/6/2019 in the Prospect News Structured Products Daily.

BofA to sell contingent income autocalls on S&P, Russell and Stoxx

Chicago, March 6 – BofA Finance LLC plans to sell contingent income autocallable notes due March 28, 2029 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of between 8.1% and 8.3% if each underlying asset closes at or above its 75% threshold value on the relevant observation date.

The notes will be called at par plus the coupon if each underlying component closes at or above its initial level on any observation date after one year.

The payout at maturity will be par plus the final coupon if the least performing asset finishes above its 75% coupon barrier level.

If the worst performing index finishes below 75% but above 60% of its initial value, the payout will be par.

Otherwise, investors will be exposed to the losses of the least performing index.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price March 26 and settle March 29.

The Cusip number is 09709TNZ0.


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