New Issue: BofA sells $6.22 million of trigger callable contingent yield notes on three indexes

By Kiku Steinfeld

Chicago, Dec. 18 – BofA Finance LLC priced $6.22 million of trigger callable contingent yield notes with daily coupon observation due June 8, 2023 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Each quarter, the notes pay a contingent coupon of 9.15% per year if each index’s closing level is at or above its coupon barrier, 70% of its initial level, on each day that quarter.

After six months, the notes will be callable at par of $10 plus any coupon on each quarterly observation date.

If the notes are not called and each index finishes at or above its trigger level, 60% of its initial level, the payout at maturity will be par plus any coupon. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

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

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	S&P 500, Euro Stoxx 50 and Russell 2000
Amount:	$6,220,000
Maturity:	June 8, 2023
Coupon:	9.15% per year, payable quarterly if each index closes at or above its coupon barrier on each day that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above trigger level, par plus any coupon; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	After six months at par plus any coupon on each quarterly observation date
Initial levels:	1,613.896 for Russell, 3,660.02 for Stoxx, 3,112.76 for S&P
Coupon barriers:	1,129.727 for Russell, 2,562.01 for Stoxx, 2,178.93 for S&P; 70% of initial levels
Trigger levels:	968.338 for Russell, 2,196.01 for Stoxx, 2,196.01 for S&P; 60% of initial levels
Pricing date:	Dec. 4
Settlement date:	Dec. 9
Agents:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	1%
Cusip:	05591G884

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