Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
November 16 2020 - 11:07AM
Edgar (US Regulatory)
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ACCELERATED RETURN NOTES (ARNs®)
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Filed
Pursuant to Rule 433
Registration
No. 333-234425
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Accelerated
Return Notes® Linked
to the EURO
STOXX 50®
Index
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|
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Issuer
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BofA
Finance LLC (“BofA Finance”)
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Guarantor
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Bank
of America Corporation (“BAC”)
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Principal
Amount
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$10.00
per unit
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Term
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Approximately
14 months
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Market
Measure
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The EURO
STOXX 50®
Index (Bloomberg
symbol: “SX5E”)
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Payout
Profile at Maturity
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●
3-to-1
upside exposure to increases in the Market Measure, subject to the
Capped Value
●
1-to-1
downside exposure to decreases in the
Market Measure,
with 100%
of your principal at risk
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Capped Value
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[$11.20
to $11.60]
per unit, a [12.00%
to 16.00%]
return over the principal amount, to be determined on the pricing
date.
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Interest
Payments
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None
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Preliminary
Offering Documents
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|
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Exchange
Listing
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No
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You should read the relevant Preliminary Offering Documents before
you invest. Click on the Preliminary Offering Documents hyperlink
above or call your Financial Advisor for a hard
copy.
Risk Factors
Please
see the Preliminary Offering Documents for a description of certain
risks related to this investment, including, but not limited to,
the following:
●
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
Capped Value 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.
●
Your
return on the notes may be affected by factors affecting the
international securities markets, specifically changes within the
Eurozone. The Eurozone is and has been undergoing severe financial
stress, and the political, legal and regulatory ramifications are
impossible to predict. Changes within the Eurozone could adversely
affect the performance of the Market
Measure and,
consequently, the value of the notes. In addition, you will not
obtain the benefit of any increase in the value of the euro against
the U.S. dollar, which you would have received if you had owned the
securities in the Market
Measure during
the term of your notes, although the level of
the Market
Measure may
be adversely affected by general exchange rate movements in the
market.
●
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.
Final
terms will be set on the pricing date within the given range for
the specified Market-Linked Investment. Please see the Preliminary
Offering Documents for complete product disclosure, including
related risks and tax disclosure.
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The
graph above
and the table below reflect the
hypothetical return on the notes, based on the terms contained in
the table to the left (using the mid-point for any range(s)).
The graph and table have been prepared for purposes of
illustration only and do not take into account any tax consequences
from investing in the notes.
Hypothetical
Percentage Change from the Starting Value to the Ending
Value
Hypothetical
Redemption Amount per Unit
Hypothetical
Total Rate of Return on the Notes
(1) This hypothetical percentage
change corresponds to the Starting Value
(2) The
Redemption Amount per unit cannot exceed
the hypothetical Capped Value.
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BofA Finance
LLC (BofA Finance) and Bank of America Corporation (BAC)
have filed a registration statement (which includes a
prospectus) with the Securities and Exchange Commission (SEC)
for the notes that are described in this Guidebook. Before you
invest, you should carefully read the prospectus in that
registration statement and other documents that BofA
Finance and BAC have filed with the SEC for more complete
information about BofA Finance, BAC and any offering
described in this Guidebook. You may obtain these documents without
cost by visiting EDGAR on the SEC website at www.sec.gov. BofA
Finance’s Central Index Key, or ClK, on the SEC website
is 1682472 and BAC’s CIK on the SEC website
is 70858. Alternatively, Merrill Lynch will arrange to
send you the prospectus and other documents relating to
any offering described in this document if you so request by
calling toll-free 1-800-294-1322. BofA Finance and BAC
face risks that are specific to their
respective businesses, and we encourage you to carefully
consider these risks before making an investment in their
respective securities.
Bank of America (NYSE:BAC)
Historical Stock Chart
From Dec 2020 to Jan 2021
Bank of America (NYSE:BAC)
Historical Stock Chart
From Jan 2020 to Jan 2021
