New Issue: BofA prices $5.6 million trigger callable contingent yield notes on Stoxx, Russell, S&P

By Kiku Steinfeld

Chicago, April 3 – BofA Finance LLC priced $5.6 million of trigger callable contingent yield notes due July 11, 2030 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 9.3% if each index closes at or above its coupon barrier level, 70% of its initial level for the corresponding observation date for that period.

The notes will be callable at par of $10 plus any coupon otherwise due on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its downside threshold level, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the least-performing index from its initial level.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the underwriter and UBS Financial Services Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger callable contingent yield notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index, S&P 500 index
Amount:	$5.6 million
Maturity:	July 11, 2030
Coupon:	9.3% per year, payable quarterly if each index closes at or above its coupon barrier level for corresponding observation date for that period
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case 1% loss for every 1% decline of worst performing index from initial level
Call option:	At par plus any coupon due on any quarterly observation date other than final one
Initial levels:	1,864.664 for Russell, 4,398.95 for S&P, 4,236.60 for Stoxx
Coupon barrier levels:	1,305.265 for Russell, 3,079.27 for S&P, 2,965.62 for Stoxx; 70% of initial levels
Knock-in levels:	932.332 for Russell, 2,199.48 for S&P, 2,118.30 for Stoxx; 50% of initial levels
Pricing date:	July 7, 2023
Settlement date:	July 12, 2023
Agents:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	0.225%
Cusip:	09710K784

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