BofA Finance LLC Launches Offering of Cash-Settled Equity-Linked Notes Linked to the Common Stock of Voya Financial, Inc. Due May 1, 2023

April 4, 2018 at 4:05 PM Eastern

BofA Finance LLC (the “Issuer” or “BofA Finance”) today announces the launch of a public offering of its Cash-Settled Equity-Linked Notes Linked to the Common Stock of Voya Financial, Inc. (“Voya”) due May 1, 2023 (the “Notes”). Bank of America Corporation (“BAC”) will fully and unconditionally guarantee the Issuer’s obligations under the Notes.

The Notes are expected to pay interest semi-annually in arrears and will be cash-settled only at maturity or upon early conversion at the option of the holder. The amount of cash payable at maturity or upon early conversion will be based on the volume-weighted average price of the common stock of Voya.

The Notes will be issued with a minimum purchase of $100,000 and whole multiples of $1,000 in excess thereof at an issue price of 100 percent of the principal amount, and will mature on May 1, 2023 unless earlier converted (for cash). Settlement and delivery of the Notes are expected to take place on April 10, 2018. Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) is acting as sole book running manager.

BofA Finance and 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 document. 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 this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at BofA Finance's Central Index Key, or CIK, 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

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,500 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 35 million active users, including approximately 24 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit Bank of America newsroom and register for news email alerts.


Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780

Jonathan Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112

Reporters May Contact:
Jerry Dubrowski, Bank of America, 
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)