Notes Linked to a Basket of Stocks | |
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 |
Market Measure | An equally weighted basket of stocks comprised of Amazon.com, Inc. (Bloomberg symbol: AMZN), Steel Dynamics, Inc. (Bloomberg symbol: STLD), General Dynamics Corporation (Bloomberg symbol: GD), JPMorgan Chase & Co. (Bloomberg symbol: JPM) and Frontier Communications Corporation (Bloomberg symbol: FTR), (each, a Basket Stock). |
Conditional Payment | [$1.50 to $1.90] per unit, a [15% to 19%] return over the principal amount, to be determined on the pricing date. |
Payout Profile at Maturity | ● A fixed payment equal to the principal amount plus Conditional Payment if the Underlying Stock is flat or increases ● 1-to-1 downside exposure to decreases in the Underlying Stock, with up to 100% of your investment at risk |
Threshold Value | 100% of the Starting Value |
Interest Payments | None |
Preliminary Offering Documents | |
Exchange Listing | No |
● | Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may 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 or 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 is limited to the return represented by the Conditional Payment and may be less than a comparable investment directly in the Basket Stocks. |
● | Changes in the price of one of the Basket Stocks may be offset by changes in the value of the other Basket Stocks. |
● | 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 Basket Stocks, and you will not be entitled to receive shares of the Basket Stocks or dividends or other distributions by the issuers of the Basket Stocks. |
● | We, BAC and our other affiliates do not control any company included in the Basket and have not verified any disclosure made by any other company. The companies included in the Basket will have no obligations relating to the notes. |
● | The Redemption Amount will not be adjusted for all corporate events that could affect the Basket Stocks. |