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BANK OF AMERICA

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Bank of America : Form of prospectus filed in connection with primary offering of securities on a delayed basis

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05/22/2019 | 06:13am EDT

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.

This amended and restated pricing supplement amends and restates in full the pricing supplement dated May 17, 2019 for CUSIP 09709TRT0 to correct the Pricing Date, Issue Date, Calculation Day and Maturity Date.

Preliminary Pricing Supplement - Subject to Completion (To Prospectus dated November 4, 2016, Series A Prospectus Supplement dated November 4, 2016 and Product Supplement EQUITY-1 dated January 24, 2017) Dated May 21, 2019

Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-213265

BofA Finance LLC

Leveraged Buffered Notes Linked to the iShares® MSCI Emerging Markets ETF, due June 25, 2020

Fully and Unconditionally Guaranteed by Bank of America Corporation

  • The CUSIP number for the notes is 09709TRT0.
  • The notes are unsecured senior notes 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 payment 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 are expected to price on May 22, 2019 (the "pricing date").
  • The notes are expected to mature on June 25, 2020. The notes will not pay interest.
  • 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 iShares® MSCI Emerging Markets ETF (the "EEM" or the "Underlying"). The Redemption Amount per note will be determined as follows:
    1. If the Ending Value of the Underlying is greater than the Starting Value, the notes provide a 1.5-to-1 levered return, subject to the Max Return (as defined below). The Redemption Amount per note will be the principal amount plus a return of 1.5% for each 1% that the Ending Value of the Underlying is greater than the Starting Value, subject to the Max Return.
    2. If the Ending Value of the Underlying is equal to or less than the Starting Value, but greater than or equal to the Threshold Value, the Redemption Amount will equal the principal amount.
    3. If the Ending Value of the Underlying is less than the Threshold Value, you will be subject to 1-1 downside exposure to any decrease in the level of the Underlying from its Threshold Value. In that case, the Redemption Amount per note will be less than the principal amount and you could lose up to 90% of your principal.
  • The "Max Return" will be at least $1,160.00 per $1,000 in principal amount of the notes, which represents a return of at least 16.00% over the principal amount. The actual Max Return will be determined on the pricing date.
  • The "Threshold Value" will be 90% of the Starting Value.
  • The notes will not be listed on any securities exchange.
  • The notes will be issued in denominations of $1,000 and whole multiples of $1,000.
  • 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 $985.00 and $997.50 per $1,000 in principal amount. See "Summary" beginning on page PS-3of this pricing supplement, "Risk Factors" beginning on page PS-7of this pricing supplement and "Structuring the Notes" on page PS-20of 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.

Potential purchasers of the notes should consider the information in "Risk Factors" beginning on page PS-7 of 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.

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)

$2.50

$

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.

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. 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 May 28, 2019 against payment in immediately available funds.

BofA Merrill Lynch

Selling Agent

TABLE OF CONTENTS

Page

SUMMARY

PS-3

RISK FACTORS

PS-7

DESCRIPTION OF THE NOTES

PS-12

THE UNDERLYING

PS-14

SUPPLEMENTAL PLAN OF DISTRIBUTION; ROLE OF BOFAS AND CONFLICTS OF INTEREST

PS-19

STRUCTURING THE NOTES

PS-20

U.S. FEDERAL INCOME TAX SUMMARY

PS-21

SUMMARY

The Leveraged Buffered Notes Linked to the iShares® MSCI Emerging Markets ETF, due June 25, 2020 (the "notes") are our senior debt securities. Any payment on the notes is 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 unsecured senior debt, and the related guarantee will rank equally with all of BAC's other unsecured and unsubordinated debt. Any payment 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. The notes will mature on June 25, 2020.

If the Ending Value of the Underlying is greater than the Starting Value, the notes provide you a 1.5-to-1 levered return, subject to the Max Return of at least $1,160.00 per note, which represents a return of at least 16.00% over the principal amount. The actual Max Return will be determined on the pricing date. In such case, the Redemption Amount per note will be the principal amount plus a return of 1.5% for each 1% that the Ending Value of the Underlying is greater than its Starting Value, subject to the Max Return. If the Ending Value is equal to or less than the Starting Value, but greater than or equal to the Threshold Value, you will receive the principal amount. If the Ending Value is less the Threshold Value, you will be subject to 1-1 downside exposure to any decrease in the level of the Underlying from its Threshold Value. In that case, the Redemption Amount will be less than the principal amount. The notes are not traditional debt securities, and you may lose up to 90% of your principal amount at maturity.

Any payment on the notes depends on the credit risk of BofA Finance and BAC and on the performance of the Underlying. 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 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-7 and "Structuring the Notes" on page PS-20.

Issuer:

BofA Finance LLC ("BofA Finance")

Guarantor:

Bank of America Corporation ("BAC" or the "Guarantor")

Term:

Approximately thirteen months

Pricing Date:

May 22, 2019

Issue Date:

May 28, 2019

Calculation Day:

June 22, 2020, subject to postponement as set forth in the section "Description of the Notes-Certain Terms of

the Notes-Events Relating to Calculation Days" of the accompanying product supplement. If the calculation

day is not a business day, the calculation day will be postponed to the next business day.

Maturity Date:

June 25, 2020

Underlying:

The iShares® MSCI Emerging Markets ETF (Bloomberg ticker: "EEM"). For more information please see "The

Underlying" below.

Upside Participation Rate: 150%

Max Return:

At least $1,160.00 per note, which represents a return of at least 16.00% over the principal amount. The actual

Max Return will be determined on the pricing date.

PS-3

Starting Value:

The Closing Market Price of the Underlying on the pricing date.

Threshold Value:

90% of the Starting Value.

Ending Value:

The Closing Market Price of the Underlying on the calculation day multiplied by its Price Multiplier on that day,

as determined by the calculation agent.

Price Multiplier:

One, subject to adjustment for certain events as described in "Description of the Notes-Anti-Dilution and

Discontinuance Adjustments Relating to ETFs" beginning on page PS-23 of product supplement EQUITY-1.

Redemption Amount:

At maturity, you will receive the Redemption Amount per $1,000 principal amount of notes, denominated in U.S.

dollars, calculated as follows:

If the Ending Value is greater than the Starting Value, the Redemption Amount will equal, subject to the Max Return:

If the Ending Value is less than or equal to the Starting Value, but greater than or equal to the Threshold Value, the Redemption Amount will equal:

$1,000

If the Ending Value is less than the Threshold Value, the Redemption Amount will equal:

In that case, the Redemption Amount will be less than the principal amount and you could lose up to 90% of your principal amount.

Calculation Agent: BofA Securities, Inc. ("BofAS"), an affiliate of BofA Finance. See "Supplemental Plan of Distribution; Role of BofAS and Conflicts of Interest" beginning on page PS-19.

Selling Agent:BofAS. See "Supplemental Plan of Distribution; Role of BofAS and Conflicts of Interest" beginning on page PS- 19.

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 and the accompanying 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 BofAS 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 and 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).

PS-4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Bank of America Corporation published this content on 22 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2019 10:12:03 UTC

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EBIT 2019 38 787 M
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P/E ratio 2020 8,75
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