New Issue: BofA Finance prices $1.41 million leveraged buffered notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., June 24 – BofA Finance LLC priced $1.41 million of 0% leveraged buffered notes due Aug. 19, 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 finishes above its initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 12.225%. 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 Securities Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$1,405,000
Maturity:	Aug. 19, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 150% of index return, subject to 12.225% maximum return; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial level:	2,954.18
Pricing date:	June 20
Settlement date:	June 27
Agent:	BofA Securities Inc.
Fees:	None
Cusip:	09709TSH5

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