New Issue: BofA sells $9.93 million of trigger callable contingent yield notes on three indexes

By Sarah Lizee

Olympia, Wash., Nov. 18 – BofA Finance LLC priced $9.93 million of trigger callable contingent yield notes with daily coupon observation due Nov. 10, 2023 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Each quarter, the notes pay a contingent coupon of 8.6% per year if each index’s closing level is at or above its coupon barrier, 65% of its initial level, on each day that quarter.

The notes are callable at par of $10 plus any coupon on each quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its trigger level, 60% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. and BofA Securities, Inc. are the underwriters.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	S&P 500, Euro Stoxx 50 and Russell 2000
Amount:	$9,933,000
Maturity:	Nov. 10, 2023
Coupon:	8.6% per year, payable quarterly if each index closes at or above its coupon barrier on each day that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above trigger level, par plus coupon; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	At par plus any coupon on each quarterly observation date other than final one
Initial levels:	1,593.990 for Russell, 3,085.18 for S&P, 3,706.68 for Stoxx
Coupon barriers:	1,036.094 for Russell, 2,005.37 for S&P, 2,409.34 for Stoxx; 65% of initial levels
Trigger levels:	956.394 for Russell, 1,851.11 for S&P, 2,224.01 for Stoxx; 60% of initial levels
Pricing date:	Nov. 11
Settlement date:	Nov. 14
Agents:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	1%
Cusip:	05591G504

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