By Wendy Van Sickle
Columbus, Ohio, March 22 – BofA Finance LLC priced $1.55 million of autocallable notes due March 20, 2025 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be called at par plus 9.15% per year if each index closes at or above its initial level on any quarterly call valuation date after six months.
The payout at maturity will be par plus 18.7% if each index finishes at or above its initial level.
If the least performing index falls but not below the 70% threshold level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Autocallable notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
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| Amount: | $1.55 million
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| Maturity: | March 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at above initial level, par plus 18.7%; if least performing index falls by up to 30%, par; otherwise, investors will be fully exposed to the decline of the least performing index from its initial level
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| Call: | Automatically at par plus 9.15% per year if each index closes at or above initial level on any quarterly call valuation date after six months
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| Initial levels: | 3,960.28 for S&P, 32,246.55 for Dow
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| Threshold levels: | 2,772.2 for S&P, 22,572.59 for Dow; 70% of initial levels
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 2.65%
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| Cusip: | 09709VMD5
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