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Published on 7/11/2019 in the Prospect News Structured Products Daily.

New Issue: BofA Finance prices $10.54 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 11 – BofA Finance LLC priced $10.54 million of 0% digital notes due Sept. 10, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 12.75%. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.

The notes are guaranteed by Bank of America Corp.

BofA Securities Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Digital notes
Underlying index:S&P 500
Amount:$10,541,000
Maturity:Sept. 10, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, plus 12.75%; otherwise, 1.17647% loss for every 1% that index declines beyond 15%
Initial level:2,993.07
Pricing date:July 10
Settlement date:July 12
Underwriter:BofA Securities Inc.
Fees:None
Cusip:09709TTA9

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