New Issue: BofA prices $15 million contingent income autocallable securities linked to indexes

By Angela McDaniels

Tacoma, Wash., Aug. 3 – BofA Finance LLC priced $15 million of 0% contingent income autocallable securities due July 30, 2026 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 9% per year if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter.

Beginning Jan. 26, 2024, the notes will be called automatically at par if each index closes at or above its initial level on any quarterly call determination date.

The payout at maturity will be par unless the worst performing index finishes below its 65% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing index.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent with Morgan Stanley Wealth Management as distributor.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Contingent income autocallable securities
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index and Nasdaq-100 index
Amount:	$15 million
Maturity:	July 30, 2026
Coupon:	9% per year, paid quarterly if each index closes at or above coupon barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless worst performing index finishes below downside threshold level, in which case full exposure to decline in worst performing index
Call:	Automatically at par starting Jan. 26, 2024 if each index closes at or above initial level on any quarterly call determination date
Initial levels:	4,566.75 for S&P, 4,346.15 for Stoxx and 15,499.26 for Nasdaq
Coupon barrier levels:	3,425.06 for S&P, 3,259.61 for Stoxx and 11,624.45 for Nasdaq, or 75% of initial levels
Downside threshold levels:	2,968.39 for S&P, 2,825.00 for Stoxx and 10,074.52 for Nasdaq, or 65% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	BofA Securities, Inc.
Distributor:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	09711ACR7

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