By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – BofA Finance LLC priced $2.46 million of contingent income autocallable yield notes due Nov. 2, 2022 linked to the worst performing of the common stocks of Procter & Gamble Co., Nike, Inc. and Target Corp., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 10% if each stock closes at or above its 60% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each stock closes above its initial value on any quarterly call observation date after six months.
The payout at maturity will be par plus the coupon if all three stocks close above their 60% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be 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 stocks: | Procter & Gamble Co., Nike, Inc. and Target Corp.
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| Amount: | $2,463,000
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| Maturity: | Nov. 2, 2022
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| Coupon: | 10% per year if each stock closes at or above its coupon barrier on the related determination date; payable monthly
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| Price: | Par
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| Payout at maturity: | Par plus the coupon if all three stocks close above their trigger values; otherwise, investors will be fully exposed to any losses of the worst performing stock
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| Call: | Automatically redeemed at par if each stock closes above initial value on any quarterly call observation date after six months
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| Initial levels: | $123.48 for Procter & Gamble, $90.85 for Nike, $109.72 for Target
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| Coupon barriers: | $74.09 for Procter & Gamble, $54.51 for Nike, $65.83 for Target; 60% of initial levels
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| Trigger values: | $74.09 for Procter & Gamble, $54.51 for Nike, $65.83 for Target; 60% of initial levels
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 31
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| Underwriter: | BofA Securities, Inc.
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| Fees: | 3.25%
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| Cusip: | 09709TWD9
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