New Issue: BofA prices $9.65 million 9.62% trigger callable yield notes linked to two Invesco ETFs

By William Gullotti

Buffalo, N.Y., March 13 – BofA Finance LLC priced $9.65 million of 9.62% trigger callable yield notes due June 11, 2025 linked to the Invesco S&P 500 Equal Weight ETF and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par of $10 unless the laggard ETF finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of that ETF.

UBS Financial Services Inc. and BofA Securities, Inc. are the agents.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger callable yield notes
Underlying funds:	Invesco S&P 500 Equal Weight ETF, Invesco QQQ Trust, Series 1
Amount:	$9,648,950
Maturity:	June 11, 2025
Coupon:	9.62% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless laggard ETF finishes below downside threshold, in which case 1% loss for each 1% decline of that ETF
Call option:	At par on any coupon date starting after three months
Initial levels:	$164.41 for S&P Equal Weight ETF, $438.79 for QQQ
Downside thresholds:	$115.09 for S&P Equal Weight ETF, $307.15 for QQQ; 70% of initial levels
Pricing date:	March 6
Settlement date:	March 11
Underwriter:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	None
Cusip:	09710M806

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