This pricing supplement, which is not complete and may be changed, relates to an effective Registration Statement under the Securities Act of 1933. This pricing supplement and the accompanying product supplement, prospectus supplement and prospectus are not an offer to sell these notes in any country or jurisdiction where such an offer would not be permitted.

Preliminary Pricing Supplement - Subject to Completion (To Prospectus dated November 4, 2016, Series A Prospectus Supplement dated November 4, 2016 and Product Supplement STOCK-1 dated November 30, 2016) March 13, 2019

Filed Pursuant to Rule 424(b)(2)

Registration Statement No. 333-213265

$___________ BofA Finance LLC

Contingent Income Auto-Callable Notes Linked to the Least Performing of the Common Stock of Wayfair, Inc., Walmart, Inc. and Costco Wholesale Corporation, due April 3, 2023

Fully and Unconditionally Guaranteed by Bank of America Corporation

  • · The CUSIP number for the notes is 09709TPC9.

  • · The notes are senior unsecured obligations issued by BofA Finance LLC ("BofA Finance"), a direct, wholly-owned subsidiary of Bank of America Corporation ("BAC" or the "Guarantor"), which are fully and unconditionally guaranteed by the Guarantor. Any payments due on the notes, including any repayment of principal, will be subject to the credit risk of BofA Finance, as issuer of the notes, and the credit risk of BAC, as guarantor of the notes.

  • · The notes do not guarantee a full return of your principal at maturity, and you could lose up to 100% of the principal amount at maturity.

  • · The notes are expected to price on March 29, 2019 (the "pricing date").

  • · The notes are expected to mature on April 3, 2023, unless previously called.

  • · Payments on the notes will depend on the individual performance of the common stock of Wayfair, Inc. (NYSE symbol: W), Walmart Inc. (NYSE symbol: WMT) and Costco Wholesale Corporation (Nasdaq Global Select Market symbol: COST) (each, an "Underlying Stock," and collectively, the "Underlying Stocks").

  • · If, on any monthly Observation Date, the Observation Value of each Underlying Stock is greater than or equal to its Threshold Value, we will pay a Contingent Coupon Payment on the applicable Contingent Payment Date (each as defined below) per $1,000 in principal amount equal to (i) the product of at least $12.50 (to be set on the pricing date) 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.

  • · The Contingent Payment Dates will be monthly, on the 3rd day of each month during the term of the notes, commencing on May 3, 2019 and ending on the maturity date (the last monthly Contingent Payment Date will be the maturity date).

  • · Prior to the maturity date, if the Observation Value of each Underlying Stock is greater than or equal to its Starting Value on any Observation Date commencing on or after the Observation Date corresponding to the January 3, 2020 Contingent Payment Date but before the final Observation Date, the notes will be automatically redeemed, in whole but not in part, at 100% of the principal amount, together with the Contingent Coupon Payment with respect to that Observation Date. No further amounts will be payable following an early redemption.

  • · At maturity, the amount you will be entitled to receive per $1,000 in principal amount of the notes (the "Redemption Amount") will depend on the performance of the Least Performing Underlying Stock (as defined below). If the notes are not automatically redeemed prior to maturity, the Redemption Amount will be determined as follows:

    • · If the Ending Value of the Least Performing Underlying Stock is greater than or equal to its Threshold Value, the Redemption Amount will equal the principal amount plus the final Contingent Coupon Payment.

    • · If the Ending Value of the Least Performing Underlying Stock is less than its Threshold Value, you will be subject to 1-1 downside exposure to any decrease in the price of the Least Performing Underlying Stock from its Starting Value. In that case, the Redemption Amount will be less than 50% of the principal amount and could be zero.

  • · The "Threshold Value" with respect to each Underlying Stock will be 50% of its Starting Value.

  • · The "Least Performing Underlying Stock" will be the Underlying Stock with the lowest Underlying Stock Return (as defined below).

  • · The notes will be issued in denominations of $1,000 and whole multiples of $1,000.

  • · The notes will not be listed on any securities exchange.

  • · The initial estimated value of the notes will be less than the public offering price. The initial estimated value of the notes as of the pricing date is expected to be between $945.00 and $975.00 per $1,000 in principal amount. See "Summary" beginning on page PS-3 of this pricing supplement, "Risk Factors" beginning on page PS-8 of this pricing supplement and "Structuring the Notes" on page PS-23 of this pricing supplement for additional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy.

  • · The notes and the related guarantee:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

Per Note

Total

Public Offering Price(1)

$1,000.00

$

Underwriting Discount(1) (2)

$2.50

$

Proceeds (before expenses) to BofA Finance

$997.50

$

  • (1) Certain dealers who purchase the notes for sale to certain fee-based advisory accounts may forgo some or all of their selling concessions, fees or commissions. The public offering price for investors purchasing the notes in these fee-based advisory accounts will be $997.50 per note.

  • (2) In addition to the underwriting discount above, an affiliate of BofA Finance will pay a referral fee of up to $7.50 per $1,000 in principal amount of the notes in connection with the distribution of the notes to other registered broker-dealers.

The notes and the related guarantee of the notes by the Guarantor are unsecured and are not savings accounts, deposits, or other obligations of a bank. The notes are not guaranteed by Bank of America, N.A. or any other bank, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and involve investment risks. Potential purchasers of the notes should consider the information in "Risk Factors" beginning on page PS-8of this pricing supplement, page PS-5 of the accompanying product supplement, page S-4 of the accompanying prospectus supplement, and page 7 of the accompanying prospectus. You may lose some or all of your principal amount in the notes. None of the Securities and Exchange Commission (the "SEC"), any state securities commission, or any other regulatory body has approved or disapproved of these notes or the guarantee, or passed upon the adequacy or accuracy of this pricing supplement, or the accompanying product supplement, prospectus supplement or prospectus. Any representation to the contrary is a criminal offense.

We will deliver the notes in book-entry form only through The Depository Trust Company on or about April 3, 2019 against payment in immediately available funds.

BofA Merrill Lynch

Selling Agent

TABLE OF CONTENTS

Page

SUMMARY

PS-3

RISK FACTORS

PS-8

DESCRIPTION OF THE NOTES

PS-12

THE UNDERLYING STOCKS

PS-15

SUPPLEMENTAL PLAN OF DISTRIBUTION; ROLE OF MLPF&S AND CONFLICTS OF INTEREST

PS-21

STRUCTURING THE NOTES

PS-23

U.S. FEDERAL INCOME TAX SUMMARY

PS-24

PS-2

SUMMARY

The Contingent Income Auto-Callable Notes Linked to the Least Performing of the Common Stock of Wayfair, Inc., Walmart Inc. and Costco Wholesale Corporation, due April 3, 2023 (the "notes") are our senior debt securities. Any payments on the notes are fully and unconditionally guaranteed by BAC. The notes and the related guarantee are not insured by the Federal Deposit Insurance Corporation or secured by collateral. The notes will rank equally with all of our other senior unsecured debt, and the related guarantee will rank equally with all of BAC's other senior unsecured debt. Any payments due on the notes, including any repayment of the principal amount, will be subject to the credit risk of BofA Finance, as issuer, and BAC, as guarantor. Unless earlier called, the notes will mature on April 3, 2023.

If, on any monthly Observation Date, the Observation Value of each Underlying Stock is greater than or equal to its Threshold Value, we will pay a Contingent Coupon Payment on the applicable Contingent Payment Date per $1,000 in principal amount equal to (i) the product of at least $12.50 (to be set on the pricing date) 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. Prior to the maturity date, if the Observation Value of each Underlying Stock is greater than or equal to its Starting Value on any Observation Date commencing on or after the Observation Date corresponding to the January 3, 2020 Contingent Payment Date (other than the final Observation Date), the notes will be automatically redeemed, in whole but not in part, at 100% of the principal amount, together with the relevant Contingent Coupon Payment. No further amounts will be payable following an early redemption. If the notes are not called prior to maturity, and if the Ending Value of the Least Performing Underlying Stock is greater than or equal to its Threshold Value, at maturity you will receive the principal amount plus the final Contingent Coupon Payment. If the Ending Value of the Least Performing Underlying Stock is less than its Threshold Value, you will be subject to 1-1 downside exposure to any decrease in the price of the Least Performing Underlying Stock from its Starting Value. In that case, the Redemption Amount will be less than 50% of the principal amount and could be zero. The notes are not traditional debt securities and it is possible that the notes will not pay any Contingent Coupon Payments, and you may lose some or all of your principal amount at maturity.

Any payments on the notes, including any Contingent Coupon Payments, depend on the credit risk of BofA Finance and BAC and on the performance of each of the Underlying Stocks. The economic terms of the notes are based on BAC's internal funding rate, which is the rate it would pay to borrow funds through the issuance of market-linked notes and the economic terms of certain related hedging arrangements it enters into. BAC's internal funding rate is typically lower than the rate it would pay when it issues conventional fixed or floating rate debt securities. This difference in funding rate, as well as the underwriting discount, the referral fee and the hedging related charges described below, will reduce the economic terms of the notes to you and the initial estimated value of the notes. Due to these factors, the public offering price you pay to purchase the notes will be greater than the initial estimated value of the notes as of the pricing date.

On the cover page of this preliminary pricing supplement, we have provided the initial estimated value range for the notes. The final pricing supplement will set forth the initial estimated value of the notes as of the pricing date. For more information about the initial estimated value and the structuring of the notes, see "Risk Factors" beginning on page PS-8 and "Structuring the Notes" on page PS-23.

Issuer:

BofA Finance LLC ("BofA Finance")

Guarantor:

Bank of America Corporation ("BAC")

Term:

48 months, if not previously called.

Pricing Date:

March 29, 2019

Issue Date:

April 3, 2019

Maturity Date:

April 3, 2023

Underlying Stocks:

The common stock of Wayfair, Inc. (NYSE symbol: W), Walmart Inc. (NYSE

PS-3

symbol: WMT) and Costco Wholesale Corporation (Nasdaq Global Select Market symbol: COST). See the section entitled "The Underlying Stocks" beginning on page PS-15 of this pricing supplement.

Automatic Call:

All (but not less than all) of the notes will be automatically called if the Observation Value of each Underlying Stock is greater than or equal to its Starting Value on any Observation Date commencing on or after the Observation Date corresponding to the January 3, 2020 Contingent Payment Date (other than the final Observation Date). If the notes are automatically called, the Early Redemption Payment will be paid on the applicable Contingent Payment Date.

Early Redemption Payment:

The sum of the principal amount plus the Contingent Coupon Payment with respect to the applicable Observation Date.

Contingent Coupon Payment: If, on any monthly Observation Date, the Observation Value of each Underlying Stock is greater than or equal to its Threshold Value, we will pay a Contingent Coupon Payment on the applicable Contingent Payment Date per $1,000 in principal amount equal to (i) the product of at least $12.50 (to be set on the pricing date) 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.

Redemption Amount:

If the notes have not been automatically called prior to maturity, the Redemption Amount per note will be:

  • a) If the Ending Value of the Least Performing Underlying Stock is greater than or equal to its Threshold Value:

    $1,000 + the final Contingent Coupon Payment

  • b) If the Ending Value of the Least Performing Underlying Stock is less than its Threshold Value: $1,000 + ($1,000 x the Underlying Stock Return of the Least Performing Underlying Stock)

In this case, the Redemption Amount will be less than 50% of the principal amount and could be zero.

Starting Value:

With respect to each Underlying Stock, its Closing Market Price on the pricing date.

Observation Value:

With respect to each Underlying Stock, its Closing Market Price on the applicable Observation Date, multiplied by its Price Multiplier as of that day.

Ending Value:

With respect to each Underlying Stock, its Observation Value on the final Observation Date.

Threshold Value:

With respect to each Underlying Stock, 50% of its Starting Value.

Least Performing Underlying Stock:

The Underlying Stock with the lowest Underlying Stock Return.

Underlying Stock Return:

With respect to each Underlying Stock,

Price Multiplier:

With respect to each Underlying Stock, 1, subject to adjustment for certain corporate events relating to that Underlying Stock described in the product supplement under "Description of the Notes-Anti-Dilution

Adjustments."

PS-4

Observation Dates:

The most proximate day to the relevant Contingent Payment Date that is at least three scheduled trading days prior to such Contingent Payment Date for each Underlying Stock. The Observation Dates are subject to postponement as set forth in "Description of the Notes-Certain Terms of the Notes-Events Relating to Observation Dates" on page PS-19 of product supplement STOCK-1.

Contingent Payment Dates:

Monthly, on the 3rd day of each month, commencing on May 3, 2019 and ending on the maturity date. Postponement of a monthly Observation Date as set forth in "Description of the Notes-Certain Terms of the Notes-Events Relating to Observation Dates" on page PS-19 of product supplement STOCK-1, will not cause the postponement of the Contingent Payment Date relating to such Observation Date.

Calculation Agent:

Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), an affiliate of BofA Finance. See "Supplemental Plan of Distribution; Role of MLPF&S and Conflicts of Interest" beginning on page PS-21.

Selling Agent:

MLPF&S. See "Supplemental Plan of Distribution; Role of MLPF&S and Conflicts of Interest" beginning on page PS-21.

The pricing date, issue date and other dates set forth above are subject to change, and will be set forth in the final pricing supplement relating to the notes.

You should read carefully this entire pricing supplement, product supplement, prospectus supplement, and prospectus to understand fully the terms of the notes, as well as the tax and other considerations important to you in making a decision about whether to invest in the notes. In particular, you should review carefully the section in this pricing supplement entitled "Risk Factors," which highlights a number of risks of an investment in the notes, to determine whether an investment in the notes is appropriate for you. If information in this pricing supplement is inconsistent with the product supplement, prospectus supplement or prospectus, this pricing supplement will supersede those documents. You are urged to consult with your own attorneys and business and tax advisors before making a decision to purchase any of the notes.

The information in this "Summary" section is qualified in its entirety by the more detailed explanation set forth elsewhere in this pricing supplement and the accompanying product supplement, prospectus supplement and prospectus. You should rely only on the information contained in this pricing supplement and the accompanying product supplement, prospectus supplement and prospectus. We have not authorized any other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. None of us, the Guarantor or any selling agent is making an offer to sell these notes in any jurisdiction where the offer or sale is not permitted. You should assume that the information in this pricing supplement, the accompanying product supplement, prospectus supplement, and prospectus is accurate only as of the date on their respective front covers.

Capitalized terms used but not defined in this pricing supplement have the meanings set forth in the accompanying product supplement, prospectus supplement and prospectus. Unless otherwise indicated or unless the context requires otherwise, all references in this pricing supplement to "we," "us," "our," or similar references are to BofA Finance, and not to BAC (or any other affiliate of BofA Finance).

The above documents may be accessed at the following links:

  • Product supplement STOCK-1 dated November 30, 2016:https://www.sec.gov/Archives/edgar/data/70858/000119312516780826/d304271d424b2.htm

  • Series A MTN prospectus supplement dated November 4, 2016 and prospectus dated November 4, 2016:https://www.sec.gov/Archives/edgar/data/70858/000119312516760144/d266649d424b3.htm

PS-5

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Bank of America Corporation published this content on 15 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 March 2019 13:48:08 UTC