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Published on 3/20/2024 in the Prospect News Structured Products Daily.

New Issue: BofA sells $1.12 million 10.6% contingent income autocallable yield notes on indexes

Chicago, March 20 – BofA Finance LLC priced $1.12 million of contingent income autocallable yield notes due March 5, 2026 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.6%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date. Previously unpaid coupons will also be paid.

The securities may be called automatically starting in March 2025 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date.

If the worst performing index gains or ends above its 80% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index 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
Guarantor:Bank of America Corp.
Issue:Contingent income autocallable yield notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:$1,119,000
Maturity:March 5, 2026
Coupon:10.6% annual rate, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date; previously unpaid coupons will also be paid
Price:Par
Payout at maturity:If worst performing index finishes at or above its 80% threshold value, par; 1% loss for every 1% that worst performing index declines if it finishes below its threshold value
Call:Automatically starting in March 2025 at par if the level of each underlier is greater than or equal to its initial price on any quarterly call determination date
Initial levels:18,302.91 for Nasdaq, 2,076.395 for Russell, 5,137.08 for S&P
Coupon barriers:14,642.33 for Nasdaq, 1,661.116 for Russell, 4,109.66 for S&P, 80% of initial levels
Downside thresholds:14,642.33 for Nasdaq, 1,661.116 for Russell, 4,109.66 for S&P, 80% of initial levels
Pricing date:March 1
Settlement date:March 6
Agent:BofA Securities, Inc.
Fees:0.4%
Cusip:09711B4M5

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