New Issue: BofA prices $1.19 million contingent income callable securities on S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – BofA Finance LLC priced $1.19 million of contingent income callable yield notes due Dec. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7.45%, paid monthly, if the index closes at or above its 65% coupon barrier on the observation date.

The securities may be called at par on any monthly call valuation date after six months.

If the index gains or ends above its 65% downside threshold the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Contingent income callable yield notes
Underlying indexes:	S&P 500 index
Amount:	$1.19 million
Maturity:	Dec. 26, 2025
Coupon:	7.45%, paid monthly, if the index closes at or above its 65% coupon barrier on the observation date
Price:	Par
Payout at maturity:	If index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% decline from initial level
Call option:	At par on any monthly call valuation date after six months
Initial level:	3,822.39
Downside threshold:	2,484.55, 65% of initial level
Coupon barrier:	2,484.55, 65% of initial level
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	BofA Securities, Inc.
Fees:	3%
Cusip:	09709VD86

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