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Published on 3/16/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $3.85 million 10% contingent income autocallable yield notes on Russell, Dow

Chicago, March 16 – BofA Finance LLC priced $3.85 million of contingent income autocallable yield notes due March 5, 2024 linked to the least performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.

The securities may be called automatically starting in July 2023 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly determination date.

If neither of the indexes closes below the 70% threshold value during the life of the notes or both indexes close above their initial levels, the payout will be par. Otherwise, investors will be fully exposed to the losses of the worst performer.

The notes are guaranteed by Bank of America Corp.

BofA Securities is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Contingent income autocallable yield notes
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$3.85 million
Maturity:March 5, 2024
Coupon:10%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:Par if neither index closes below the downside threshold level during the life of the notes or if final values of both indexes is above initial levels; otherwise,1% loss for every 1% that worst performing index declines if it finishes below its threshold value
Call:Automatically starting in July 2023 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly determination date
Initial levels:1,885.720 for Russell, 4,017.77 for S&P
Downside thresholds:1,320.004 for Russell, 2,812.44 for S&P, 70% of initial levels
Coupon barriers:1,320.004 for Russell, 2,812.44 for S&P, 70% of initial levels
Pricing date:Jan. 30
Settlement date:Feb. 2
Agent:BofA Securities
Fees:1.5%
Cusip:09709VDX1

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