Chicago, June 20 – BofA Finance LLC priced $1.41 million of contingent income autocallable yield notes due June 4, 2026 linked to the class A common stock of Datadog, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 22.5%, paid quarterly, if the underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date.
The securities may be called automatically at par starting in August 2023 at par and on any subsequent quarterly observation date if the stock closes above its initial level.
If the stock gains or ends above its 60% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its threshold value.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income autocallable yield notes
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| Underlying stock: | Datadog, Inc.
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| Amount: | $1.41 million
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| Maturity: | June 4, 2026
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| Coupon: | 22.5% annual rate, paid quarterly, if the underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its 60% threshold value, par; 1% loss for every 1% that stock declines if it finishes below its threshold value
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| Call: | Automatically starting in August 2023 at par and on any subsequent quarterly observation date if stock closes above initial level
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| Initial level: | $94.91
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| Downside threshold: | $56.95, 60% of initial level
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| Coupon barrier: | $56.95, 60% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | BofA Securities, Inc.
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| Fees: | 2%
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| Cusip: | 09709VZQ2
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