LIRNs® Linked to the Bloomberg Commodity Index | This graph reflects the hypothetical return on the notes, based on the mid-point of the range(s) set forth in the table to the left. This graph has been prepared for purposes of illustration only. | |
Issuer | BofA Finance LLC (BofA Finance) | |
Guarantor | Bank of America Corporation (BAC) | |
Principal Amount | $10.00 per unit | |
Term | Approximately five years | |
Market Measure | Bloomberg Commodity Index (Bloomberg symbol: BCOM) | |
Payout Profile at Maturity | ● [190% to 210%] leveraged upside exposure to increases in the Market Measure ● 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk | |
Participation Rate | [190% to 210%], to be determined on the pricing date. | |
Threshold Value | 100% of the Starting Value of the Market Measure | |
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. |
● | 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 not be entitled to any rights with respect to the futures contracts or commodities included in or tracked by the Market Measure. |
● | The notes will not be regulated by the U.S. Commodity Futures Trading Commission. |
● | The Market Measure includes futures contracts traded on foreign exchanges that are less regulated than U.S. markets and may involve different and greater risks than trading on U.S. exchanges. |
● | Higher future prices of the components of the Market Measure relative to their current prices may have a negative effect on the level of the Market Measure, and therefore the value of the notes. |
● | The Market Measure tracks commodity futures contracts and does not track the spot prices of the Market Measure’s commodities. |