Chicago, Aug. 7 – BofA Finance LLC priced $382,000 of autocallable enhanced return notes due July 31, 2026 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 8% if each index closes at or above its redemption barrier level, 100% of its initial level, on either annual call observation date.
The payout at maturity will be par plus two times the return of least performing index if both finish above their initial levels.
If either index finishes below its initial level but no lower than its threshold level, 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index.
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 enhanced return notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $382,000
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| Maturity: | July 31, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times any gain in the least performing index if both indexes finish above their initial levels; if the least performing index declines but finishes at or above the threshold level, par; otherwise, investors will be fully exposed to the decline of the least performing index
|
| Call: | Automatically at par plus 8% if each index closes at or above its redemption barrier level on either annual call observation date
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| Initial levels: | 35,520.12 for Dow, 4,566.75 for S&P
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| Threshold levels: | 24,864.08 for Dow, 3,196.73 for S&P; 70% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 2.85%
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| Cusip: | 09711A7E2
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