FWP 1 e11178fwp-lot2.htm FACT SHEET

BofA Finance LLC
Contingent Income Auto-Callable Yield Notes
Fully and Unconditionally Guaranteed by Bank of America Corporation
Bank of America
Filed pursuant to Rule 433
Registration Statement No 333-234425
Terms of the Notes
The Contingent Income Auto-Callable Yield Notes Linked to the Least Performing of the iShares® Russell 2000 ETF, the
SPDR® S&P 500® ETF Trust and the Invesco QQQ TrustSM, Series 1 (the “Notes”) provide a monthly Contingent Coupon
Payment on the applicable Contingent Payment Date if, on any monthly Observation Date, the Observation Value of
each Underlying is greater than or equal to its Coupon Barrier. The monthly Contingent Coupon Payment per $1,000
in principal amount of Notes for any Coupon Payment Date will be equal to (i) the product of at least $6.25 times the
number of Contingent Payment Dates that have occurred up to the relevant Contingent Payment Date (inclusive of
the relevant Contingent Payment Date) minus (ii) the sum of all Contingent Coupon Payments previously paid.
Beginning in March 2021, if the Observation Value of each Underlying is greater than or equal to its Starting Value on
any of the Observation Dates occurring quarterly indicated by the second footnote appearing below the table on page
PS-4 of the preliminary pricing supplement, the Notes will be automatically called, in whole but not in part, at an
amount equal to 100% of the principal amount, together with the relevant Contingent Coupon Payment. No further
amounts will be payable following an Automatic Call. If the Notes are not automatically called, 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 2 years, unless previously automatically called.
Underlyings:
The iShares® Russell 2000 ETF (Bloomberg symbol: “IWM”), the SPDR® S&P 500® ETF
Trust (Bloomberg symbol: “SPY”) and the Invesco QQQ TrustSM, Series 1 (Bloomberg
symbol: “QQQ”).
Pricing and Issue Dates*: September 25, 2020 and September 30, 2020, respectively
Observation Dates†*: Monthly. Please see the Preliminary Pricing Supplement for further details.
Coupon Barrier: For each Underlying, 70% of its Starting Value.
Threshold Value: For each Underlying, 60% of its Starting Value.
Contingent Coupon Payment*:
If, on any monthly Observation Date, the Observation Value of each Underlying is
greater than or equal to its Coupon Barrier, we will pay a Contingent Coupon
Payment per $1,000 in principal amount of Notes on the applicable Contingent
Payment Date equal to (i) the product of at least $6.25 times the number of
Contingent Payment Dates that have occurred up to the relevant Contingent
Payment Date (inclusive of the relevant Contingent Payment Date) minus (ii) the
sum of all Contingent Coupon Payments previously paid.
Automatic Call:
Beginning in March 2021, all (but not less than all) of the Notes will be automatically
called if the Observation Value of each Underlying is greater than or equal to its
Starting Value on any of the Observation Dates occurring quarterly indicated by the
second footnote appearing below the table on page PS-4 of the preliminary pricing
supplement. If the Notes are automatically called the Early Redemption Amount will
be paid on the applicable Contingent Payment Date.
Early Redemption Amount: For each $1,000 principal amount of Notes, $1,000 plus the applicable Contingent
Coupon Payment.
Initial Estimated Value Range: $920.00-$970.00 per Note.
Underwriting Discount:* $2.50 (0.25% of the public offering price) per $1,000 in principal amount of Notes.
CUSIP: 09709TV65
Preliminary Pricing Supplement: https://www.sec.gov/Archives/edgar/data/70858/000089109220010606/e11171-
424b2.htm
* Subject to change prior to the Pricing Date.
† Subject to adjustment. Please see the Preliminary Pricing Supplement for further details.
Redemption Amount Determination
(assuming the Notes have not been automatically called)
Hypothetical Returns at Maturity
The table below also assumes that all Contingent Coupon Payments were paid on each Contingent Payment Date prior to
maturity.
Underlying Return of the
Least Performing Underlying
Redemption
Amount per Note
Return
on the Notes(1)
60.00% $1,006.25(2) 0.625%
50.00% $1,006.25 0.625%
30.00% $1,006.25 0.625%
10.00% $1,006.25 0.625%
5.00% $1,006.25 0.625%
0.00% $1,006.25 0.625%
-10.00% $1,006.25 0.625%
-20.00% $1,006.25 0.625%
-30.00%(3) $1,006.25 0.625%
-30.01% $1000.00 0.000%
-40.00%(4) $1000.00 0.000%
-40.01% $599.90 -40.010%
-50.00% $500.00 -50.000%
-100.00% $0.00 -100.000%
(1) The “Return on the Notes” is calculated based on the Redemption Amount and potential final Contingent Coupon Payment
(assuming a Contingent Coupon Payment of $6.25 per $1,000 in principal amount), not including any Contingent Coupon Payments
paid prior to maturity.
(2) This amount represents the sum of the principal amount and the final Contingent Coupon Payment of $6.25 per $1,000 in principal
amount.
(3) This is the Underlying Return which corresponds to the Coupon Barrier of the Least Performing Underlying.
(4) This is the Underlying Return which corresponds to the Threshold Value of the Least Performing Underlying.
Yes No
You will receive per $1,000 Note:
$1,000.
In addition, if the Ending Value of the Least
Performing Underlying is greater than or equal
to its Coupon Barrier, then you will receive the
final Contingent Coupon Payment.
You will receive:
$1,000 + ($1,000 x Underlying Return of the
Least Performing Underlying)
In this case the Redemption Amount will be less
than 60% of the principal amount and could be
zero.
Is the Ending Value of the Least Performing Underlying greater than or equal to its Threshold Value?

 

BofA Finance LLC
Contingent Income Auto-Callable Yield Notes
Fully and Unconditionally Guaranteed by Bank of America Corporation
Bank of America
Filed pursuant to Rule 433
Registration Statement No 333-234425
Risk Factors
? Your investment may result in a loss; there is no guaranteed return of principal.
? Your return on the Notes is limited to the return represented by the Contingent Coupon
Payments, if any, over the term of the Notes.
? The Notes are subject to a potential Automatic Call, which would limit your ability to receive the
Contingent Coupon Payments over the full term of the Notes.
? You may not receive any Contingent Coupon Payments and the Notes do not provide for any
regular fixed coupon payments.
? 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 Contingent Coupon Payment or Redemption Amount, as applicable, will not reflect the prices
of the Underlyings other than on the Observation Dates.
? Because the Notes are linked to the least performing (and not the average performance) of the
Underlyings, you may not receive any return on the Notes and may lose some or all of your
principal amount even if the Observation Value of one Underlying is always greater than or equal
to its Coupon Barrier or Threshold Value, as applicable.
? The Notes are subject to risks associated with small-size capitalization companies.
? The Notes are subject to risks associated with foreign securities markets.
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 September 22, 2020, Product Supplement EQUITY-1 dated January 3, 2020 and Prospectus Supplement and Prospectus dated December 31, 2019 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 applicable Preliminary Pricing Supplement are inconsistent with those described herein, the terms described in the applicable 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.