Filed Pursuant to
Rule 433
Registration No. 333-213265-01
Bear Strategic Accelerated Redemption Securities® Linked to the Russell 2000® Index | |
Issuer | BofA Finance LLC (BofA Finance) |
Guarantor | Bank of America Corporation (BAC) |
Principal Amount | $10.00 per unit |
Term | Approximately two years, if not called on the first or second Observation Dates |
Market Measure | The Russell 2000® Index (Bloomberg symbol: RTY) |
Automatic Call | Automatic call if the Observation Level of the Market Measure on any of the Observation Dates is less than or equal to the Starting Value |
Observation Level | The closing level of the Market Measure on any Observation Date |
Observation Dates | Approximately twelve, eighteen and twenty-four months after the pricing date |
Call Amounts | In the event of an automatic call, the amount payable per unit will be: ● [$11.10 to $11.50] if called on the first Observation Date ● [$11.65 to $12.25] if called on the second Observation Date ● [$12.20 to $13.00] if called on the final Observation Date; each to be determined on the pricing date. |
Payout Profile at Maturity | If not called, 1-to-1 downside exposure to increases in the Market Measure, with up to 100% of your principal at risk |
Threshold Value | 100% of the Starting Value |
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. You will lose all or a portion of your principal amount if the level of the Index on the final Observation Date is greater than the starting value. |
● | 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 applicable Call Premium and may be less than a comparable short position in the Market Measure or 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. |
● | The notes are subject to risks associated with small-size capitalization companies. |