By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – BofA Finance LLC priced $1 million of contingent income buffered autocallable yield notes due Aug. 6, 2026 linked to the least performing of the Invesco QQQ Trust, series 1, iShares Russell 2000 ETF and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9.1% if each ETF closes at or above its coupon barrier, 80% of its initial level, on the observation date for that month.
The notes will be called at par plus the contingent coupon if each ETF closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless any ETF finishes below its 80% buffer level, in which case investors will be fully exposed to the losses of the worst performing ETF beyond 20%.
The notes are guaranteed by Bank of America Corp.
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: | Contingent income buffered autocallable yield notes
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| Underlying ETFs: | Invesco QQQ Trust, series 1, iShares Russell 2000 ETF and SPDR S&P 500 ETF Trust
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| Amount: | $1 million
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| Maturity: | Aug. 6, 2026
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| Coupon: | 9.1% annual rate, payable monthly if each ETF closes at or above coupon barrier on observation date for that month
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| Price: | Par
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| Payout at maturity: | If each ETF finishes at or above buffer, par; otherwise 1% loss for each 1% decline of worst performing ETF beyond 20%
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| Call: | At par plus coupon if each ETF closes at or above its initial level on any quarterly observation date
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| Initial levels: | $374.39 for QQQ, $195.11 for Russell, $450.13 for S&P
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| Coupon barriers: | $262.07 for QQQ, $136.58 for Russell, $315.09 for S&P; 70% of initial levels
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| Buffers: | $299.51 for QQQ, $156.09 for Russell, $360.10 for S&P; 80% of initial levels
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 0.55%
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| Cusip: | 09711ACU0
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