Chicago, May 6 – BofA Finance LLC priced $875,000 of contingent income buffered autocallable securities due Nov. 4, 2026 linked to the least performing of the United States Oil Fund, LP and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
Each month, the notes will pay a contingent coupon at the rate of 7.54992% per year if each underlier closes at or above its coupon barrier, 70% of its initial level, on the determination date for that period.
After a year, the notes will be automatically called at par plus the contingent coupon if each underlier closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par plus the final coupon unless either underlier finishes below its 80% threshold level, in which case investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 20%.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income buffered autocallable securities
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| Underliers: | United States Oil Fund, LP and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $875,000
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| Maturity: | Nov. 4, 2026
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| Coupon: | 7.54992% per year, payable monthly if each underlier closes at or above coupon barrier level on observation date
|
| Price: | Par
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| Payout at maturity: | Par plus coupon unless either underlier finishes below threshold level, in which case 1% loss for every 1% that lesser-performing underlier declines beyond 20%
|
| Call: | After one year, automatically at par if each underlier closes at or above initial level on any quarterly observation date
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| Initial levels: | $13.29 for United States Oil and $30.95 for SPDR S&P Oil & Gas
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| Coupon barriers: | $9.30 for United States Oil and $21.67 for SPDR S&P Oil & Gas; 70% of initial levels
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| Buffer levels: | $10.63 for United States Oil and $24.76 for SPDR S&P Oil & Gas; 80% of initial levels
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| Pricing date: | April 30
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| Settlement date: | May 3
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| Agent: | BofA Merrill Lynch
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| Fees: | 4%
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| Cusip: | 09709TQH7
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