New Issue: BofA prices $6 million trigger callable contingent yield notes on three indexes

By William Gullotti

Buffalo, N.Y., Aug. 10 – BofA Finance LLC priced $6 million of trigger callable contingent yield notes with daily coupon observation due Aug. 1, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on each trading day during that quarter.

The notes will be callable at par of $10 plus any coupon due on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its downside threshold level, 60% of its initial level, the payout at maturity will be par plus any coupon due. Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

The notes are guaranteed by Bank of America Corp.

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

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$6 million
Maturity:	Aug. 1, 2024
Coupon:	8.5% per year, payable quarterly if each index closes at or above its coupon barrier level on each trading day during that quarter
Price:	Par of $10
Payout at maturity:	Par plus any coupon due unless any index finishes below downside threshold level, in which case 1% loss for every 1% decline of worst performing index
Call option:	At par plus any coupon due on any quarterly observation date other than final one
Initial levels:	2,224.957 for Russell, 4,400.64 for S&P, 15,018.1 for Nasdaq
Coupon barrier levels:	1,557.47 for Russell, 3,080.45 for S&P, 10,512.67 for Nasdaq, 70% of initial levels
Knock-in levels:	1,334.974 for Russell, 2,640.38 for S&P, 9,010.86 for Nasdaq, 60% of initial levels
Pricing date:	July 28
Settlement date:	July 30
Agents:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	1%
Cusip:	09710E788

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