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Published on 12/2/2019 in the Prospect News Structured Products Daily.

New Issue: BofA prices $20.84 million Accelerated Return Notes linked to Russell

By Angela McDaniels

Tacoma, Wash., Dec. 2 – BofA Finance LLC priced $20.84 million of 0% Accelerated Return Notes due Jan. 29, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 13.19%. Investors will be exposed to any index decline.

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:Accelerated Return Notes
Underlying index:Russell 2000
Amount:$20,841,730
Maturity:Jan. 29, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at 13.19%; exposure to any index decline
Initial index level:1,624.231
Final index level:Average of index’s closing levels on five trading days ending Jan. 26, 2021
Pricing date:Nov. 26
Settlement date:Dec. 4
Underwriters:BofA Securities, Inc.
Fees:2%
Cusip:09710C311

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