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Published on 10/21/2020 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.09 million buffered enhanced return notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, Oct. 21 – BofA Finance LLC priced $2.09 million of 0% buffered enhanced return notes due Oct. 5, 2022 linked to the Russell 2000 index and 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 lesser-performing index return is positive, the payout at maturity will be par plus 130% of the return. Investors will receive par if the lesser-performing index declines by 5% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 5%.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Buffered enhanced return notes
Underlying indexes:S&P 500 and Russell 2000
Amount:$2,085,000
Maturity:Oct. 5, 2022
Coupon:0%
Price:Par
Payout at maturity:If each index return is positive, par plus 130% of lesser-performing index return; par if index declines by 5% or less; 1% loss for every 1% that lesser-performing index declines beyond 5%
Initial levels:3,363.00 for S&P, 1,507.692 for Russell
Buffer levels:3,194.85 for S&P, 1,432.307 for Russell, or 95% of initial levels
Pricing date:Sept. 30
Settlement date:Oct. 5
Selling agent:BofA Securities, Inc.
Fees:None
Cusip:09709TW49

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