Chicago, March 10 – BofA Finance LLC priced $3.31 million of contingent income autocallable yield notes due March 2, 2023 linked to the worst performing of the common stocks of NIKE Inc., salesforce.com, inc., and Citigroup Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 10.25% if each stock closes at or above its 60% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each stock closes above its initial value on any quarterly call observation date after six months.
The payout at maturity will be par plus the coupon if all three stocks close above their 60% 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 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: | NIKE Inc., salesforce.com, inc., and Citigroup Inc.
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| Amount: | $3,314,000
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| Maturity: | March 2, 2023
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| Coupon: | 10.25% per year if each stock closes at or above its coupon barrier on the related determination date; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par plus the coupon if all three stocks close above their trigger values; otherwise, investors will be fully exposed to any losses of the worst performing stock
|
| Call: | Automatically redeemed at par if each stock closes above initial value on any quarterly call observation date after six months
|
| Initial levels: | $92.90 for NIKE, $181.27 for salesforce and $69.43 for Citigroup
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| Coupon barriers: | $55.74 for NIKE, $108.76 for salesforce and $41.66 for Citigroup; 60% of initial levels
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| Trigger values: | $55.74 for NIKE, $108.76 for salesforce and $41.66 for Citigroup; 60% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
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| Underwriter: | BofA Securities, Inc.
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| Fees: | 3.25%
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| Cusip: | 09709TZS3
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