Filed Pursuant to
Rule 433
Registration No. 333-213265-01
Strategic Accelerated Redemption Securities® Linked to the S&P 500® Index | |
Issuer | BofA Finance LLC (BofA Finance) |
Guarantor | Bank of America Corporation (BAC) |
Principal Amount | $10.00 per unit |
Term | Approximately one year and one week, if not called on the first or second Observation Dates |
Market Measure | The S&P 500® Index (Bloomberg symbol: "SPX"), a price return index |
Automatic Call | Automatic call if the Observation Level of the Market Measure on any of the Observation Dates is equal to or greater than the Starting Value |
Observation Level | The closing level of the Market Measure on any Observation Date |
Observation Dates | Approximately six, nine, and twelve months after the pricing date |
Call Premium | In the event of an automatic call, the amount payable per unit will be: ● [$10.450 to $10.650] if called on the first Observation Date ● [$10.675 to $10.975] if called on the second Observation Date ● [$10.900 to $11.300] if called on the final Observation Date |
Payout Profile at Maturity | If not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk |
Threshold Value | 100% of the Starting Value of the Market Measure |
Interest Payments | None |
Preliminary Offering Documents | |
Exchange Listing | No |
● | If the notes are not automatically called, your investment will result in a loss; there is no guaranteed return of principal. |
● | Payments on the notes are subject to the credit risk of BofA Finance and the credit risk of BAC, and actual or perceived changes in the creditworthiness of BofA Finance and BAC are expected to affect the value of the notes. If BofA Finance and BAC become insolvent or are unable to pay their respective obligations, you may lose your entire investment. |
● | Your investment return, if any, is limited to the applicable Call Premium and may be less than a comparable investment directly in the stocks included in the Market Measure. |
● | The initial estimated value of the notes on the pricing date will be less than their public offering price. |
● | If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date. |
● | You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities. |
● | While BAC and our affiliates may from time to time own securities of companies included in the Index, except to the extent that BAC’s common stock is included in the Index, we, BAC and our other affiliates do not control any company included in the Index, and are not responsible for any disclosure made by any other company. |