By Kiku Steinfeld
Chicago, July 10 – BofA Finance LLC priced $825,000 of autocallable notes due Feb. 17, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be automatically called at par plus an annualized premium of 10.65% if on an annual call valuation date the index closes at or above its initial level.
The payout at maturity will be par plus 53.25% if the index finishes at or above its initial level. Otherwise, investors will be fully exposed to losses.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Autocallable notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $825,000
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| Maturity: | Feb. 17, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 53.25% if index finishes at or above initial level; full exposure to losses otherwise
|
| Call: | Automatically at par plus annualized premium of 10.65% if index finishes at or above initial level on an annual call date
|
| Initial level: | 4,241.36
|
| Pricing date: | Feb. 13, 2023
|
| Settlement date: | Feb. 16, 2023
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 3.5%
|
| Cusip: | 09709VHE9
|
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