New York, Dec. 4 – BofA Finance LLC priced $5.29 million of contingent income autocallable yield notes due Dec. 3, 2026 linked to the common stock of Chevron Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.4%, paid quarterly, if the underlying stock closes at or above its 70% coupon barrier on the related quarterly observation date, plus any previously unpaid coupon.
The securities may be called automatically starting in May 2024 at par if the level of the underlier is greater than or equal to its initial price and on any subsequent quarterly observation date.
If the stock gains or ends above its 70% 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: | Chevron Corp.
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| Amount: | $5,293,000
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| Maturity: | Dec. 3, 2026
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| Coupon: | 9.4%, paid quarterly, if the underlying stock closes at or above its 70% coupon barrier on the related quarterly observation date, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its 70% 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 May 2024 at par if the level of the underlier is greater than or equal to its initial price and on any subsequent quarterly observation date
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| Initial level: | $145.51
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| Downside threshold: | $101.86, 70% of initial level
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| Coupon barrier: | $101.86, 70% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | BofA Securities, Inc.
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| Fees: | 2.5%
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| Cusip: | 09710P7L4
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