By Taylor Fox
New York, Feb. 22 – BofA Finance LLC priced $1.18 million of contingent income autocallable yield notes due Aug. 3, 2023 linked to the worst performing of the common stocks of DocuSign, Inc. and the Home Depot, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 14.15% if each stock closes at or above its 70% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each stock closes above 90% of its initial value on any quarterly call observation date.
The payout at maturity will be par plus the coupon if both stocks close above their 70% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income autocallable yield notes
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| Underlying stocks: | DocuSign, Inc. and the Home Depot, Inc.
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| Amount: | $1,175,000
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| Maturity: | Aug. 3, 2023
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| Coupon: | 14.15% annual rate if each stock closes at or above its coupon barrier on the related determination date; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par plus the coupon if all stocks close above their trigger values; otherwise, investors will be fully exposed to the losses of the worst performing stock
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| Call: | Automatically at par if each stock closes at or above 90% of its initial value on any quarterly call observation date
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| Initial levels: | $232.89 for DocuSign and $270.82 for Home Depot
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| Call levels: | $209.60 for DocuSign and $243.74 for Home Depot, 90% of initial levels
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| Coupon barriers: | $163.02 for DocuSign and $189.57 for Home Depot; 70% of initial levels
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| Threshold values: | $163.02 for DocuSign and $189.57 for Home Depot; 70% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 3
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 3.25%
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| Cusip: | 09709T5L1
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