FWP 1 e5490fwp-lot2.htm TERM SHEET

Terms of the Notes

The Enhanced Return Notes provide you a leveraged return, subject to the Max Return, if the Ending Value of the Underlying, which is the S&P 500® Index, is greater than or equal to the Starting Value. If the Ending Value is less than the Starting Value but greater than or equal to the Threshold Value, you will lose 1% of the principal amount for each 1% that the Ending Value is less than the Threshold Value and will lose some or a significant portion of your investment. The Notes will not pay interest. At maturity, you will receive the Redemption Amount, calculated as described under "Redemption Amount Determination".

Issuer: BofA Finance LLC (“BofA Finance”)
Guarantor: Bank of America Corporation (“BAC”)
Term: Approximately 18 months
Underlying: The S&P 500® Index
Pricing and Issue Dates*: June 25, 2019 and June 28, 2019, respectively
Upside Participation Rate: 150%
Max Return: At least $1,138.00 per Note, which represents a return of at least 13.80% over the principal amount. The actual Max Return will be determined on the pricing date.
Threshold Value: 90% of the Starting Value.
Initial Estimated Value Range: $970.00 - $990.00 per Note.
Underwriting Discount:* $15.00 (1.50% of the public offering price) per Note.
CUSIP: 09709TRY9
Preliminary Pricing Supplement:

 

https://www.sec.gov/Archives/edgar/data/70858/000089109219006288/e5489_424b2.htm

Redemption Amount Determination

 

Hypothetical Payout Profile(1)

Underlying Return of the
Least Performing Underlying
Redemption
Amount per Note
Return
on the Notes(1)
60.00% $1,380.00 13.80%
50.00% $1,380.00 13.80%
40.00% $1,380.00 13.80%
30.00% $1,380.00 13.80%
20.00% $1,380.00 13.80%
9.20% $1,380.00(2) 13.80%
5.00% $1,075.00 7.500%
2.00% $1,033.00 3.000%
0.00% $1,000.00 0.000%
-3.00% $1,000.00 0.000%
-6.00% $1,000.00 0.000%
-10.00%(3) $1,000.00 0.000%
-20.00% $900.00 -10.000%
-50.00% $600.00 -40.000%
-100.00% $100.00 -90.000%

(1)       The table above assumes a hypothetical Starting Value of 100 and an Upside Participation Rate of 150%. This table is provided for purposes of illustration only.

(2)       The Redemption Amount per Note cannot exceed the hypothetical Max Return of 13.80%.

(3)       This is the hypothetical Threshold Value.



 

 

 

 

Risk Factors

·Your investment may result in a loss; there is no guaranteed return of principal.
·The return on the Notes will be limited to the Max Return.
·The Notes do not bear interest.
·Your return on the Notes may be less than the yield on a conventional debt security of comparable maturity.
·Any payments on the Notes are subject to the credit risk of BofA Finance and the Guarantor, and actual or perceived changes in BofA Finance or the Guarantor’s creditworthiness are expected to affect the value of the Notes.
·The public offering price you pay for the Notes will exceed their initial estimated value.
·We cannot assure you that a trading market for your Notes will ever develop or be maintained.
·The payments on the Notes will not reflect changes in the level of the Underlying other than on the Valuation Date.


 

You may revoke your offer to purchase the Notes at any time prior to the time at which we accept such offer on the date the Notes are priced. We reserve the right to change the terms of, or reject any offer to purchase, the Notes prior to their issuance. In the event of any changes to the terms of the Notes, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes in which case we may reject your offer to purchase.

Please see the Preliminary Pricing Supplement for complete product disclosure, including related risks and tax disclosure.

This fact sheet is a summary of the terms of the Notes and factors that you should consider before deciding to invest in the Notes. BofA Finance has filed a registration statement (including preliminary pricing supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this fact sheet relates. Before you invest, you should read this fact sheet together with the Preliminary Pricing Supplement dated June 3, 2019, Product Supplement EQUITY-1 dated January 24, 2017 and Prospectus Supplement and Prospectus dated November 4, 2016 to understand fully the terms of the Notes and other considerations that are important in making a decision about investing in the Notes. If the terms described in the Preliminary Pricing Supplement are inconsistent with those described herein, the terms described in the Preliminary Pricing Supplement will control. You may get these documents without cost by visiting EDGAR on the SEC Web site at sec.gov or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the Preliminary Pricing Supplement. Alternatively, BofA Finance, any agent or any dealer participating in this offering will arrange to send you the Preliminary Pricing Supplement, Product Supplement EQUITY-1 and Prospectus Supplement and Prospectus if you so request by calling toll-free at 1-800-294-1322.