By William Gullotti
Buffalo, N.Y., Dec. 28 – BofA Finance LLC priced $1.71 million of market-linked securities – autocallable with contingent coupon with memory feature and contingent downside due Nov. 20, 2026 linked to the stock performance of Tractor Supply Co., Comcast Corp. and Chevron Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 13.15% if each stock closes at or above its 65% coupon threshold on the observation date for that period.
The notes will be called at par plus the coupon if each stock closes at or above the initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each stock finishes at or above its coupon threshold.
If the worst performer finishes below its coupon threshold but at or above the 60% downside threshold, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
The notes are guaranteed by Bank of America Corp.
Wells Fargo Securities, LLC and BofA Securities, Inc. are the agents.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Market linked securities – autocallable with contingent coupon with memory feature and contingent downside
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| Underlying stocks: | Tractor Supply Co., Comcast Corp., Chevron Corp.
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| Amount: | $1.71 million
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| Maturity: | Nov. 20, 2026
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| Coupon: | 13.15% annualized, payable quarterly if each stock closes at or above coupon threshold on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus the final coupon if each stock finishes at or above coupon threshold; if worst performer finishes below coupon threshold but at or above downside threshold, par; otherwise, 1% loss per 1% decline of worst performer from its initial level
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| Call: | At par plus coupon if each stock closes at or above its initial level on any quarterly observation date after six months
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| Initial levels: | $202.61 for Tractor Supply, $42.42 for Comcast, $144.46 for Chevron
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| Coupon thresholds: | $131.6965 for Tractor Supply, $27.573 for Comcast, $93.899 for Chevron; 65% of initial levels
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| Downside thresholds: | $121.566 for Tractor Supply, $25.452 for Comcast, $86.676 for Chevron; 60% of initial levels
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
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| Agents: | Wells Fargo Securities, LLC and BofA Securities, Inc.
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| Fees: | 2.325%
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| Cusip: | 09710P4V5
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