Chicago, March 4 – BofA Finance LLC priced $1.11 million of variable income autocallable yield notes due March 1, 2029 tied to the least performing of the stocks of Meta Platforms, Inc., Nvidia Corp. and Palantir Technologies Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will pay a monthly coupon at a variable rate.
If each stock closes at or above its 75% coupon barrier on the corresponding review date, the payable coupon will be the equivalent of approximately 8.5% per year. If any stock closes below its coupon barrier, the equivalent annual rate will be 0.25%.
If each stock closes at or above its initial level on any monthly valuation date after one year, the notes will be automatically called at par plus the coupon.
The payout at maturity will be par plus the relevant coupon.
BofA Securities, Inc. is the agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Variable income autocallable yield notes
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| Underlying stocks: | Meta Platforms, Inc., Nvidia Corp., Palantir Technologies Inc.
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| Amount: | $1,111,000
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| Maturity: | March 1, 2029
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| Coupon: | Variable, payable monthly; if each stock closes at or above its coupon barrier on the corresponding review date, the coupon will be equivalent to 8.5% per year; if any stock closes below its coupon barrier, the coupon will be 0.25%
|
| Price: | Par
|
| Payout at maturity: | Par plus the relevant coupon
|
| Call: | Automatically at par plus coupon if each stock closes at or above its initial level on any monthly valuation date after one year
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| Initial levels: | $481.74 for Meta, $790.92 for Nvidia, $23.56 for Palantir
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| Coupon barriers: | $361.31 for Meta, $593.19 for Nvidia, $17.67 for Palantir; 75% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agent: | BofA Securities, Inc.
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| Fees: | 3.75%
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| Cusip: | 09710PWN2
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