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Published on 3/16/2022 in the Prospect News Structured Products Daily.

New Issue: BofA prices $4.59 million contingent income callable yield notes on S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, March 16 – BofA Finance LLC priced $4.59 million of contingent income issuer callable yield notes due March 14, 2025 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 7.25% if each index closes at or above its coupon barrier, 60% of its initial level, on the observation date for that period.

The notes will be callable at par plus any contingent coupon on any semiannual observation date.

The payout at maturity will be par unless any index finishes below its 60% threshold level, in which case investors will be fully exposed to the losses of the worst performing index.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Contingent income issuer callable yield notes
Underlying indexes:Russell 2000 index, S&P 500 index and Dow Jones industrial average
Amount:$4,585,000
Maturity:March 14, 2025
Coupon:7.25% annual rate, payable semiannually if each index closes at or above coupon barrier on observation date for that period
Price:Par
Payout at maturity:If each index finishes at or above downside threshold, par; otherwise 1% loss for each 1% decline of worst performing index
Call option:At par on any semiannual observation date
Initial levels:32,944.19 for Dow, 1,979.668 for Russell, 4,204.31 for S&P
Coupon barriers:19,766.51 for Dow, 1,187.8 for Russell, 2,522.59 for S&P, 60% of initial levels
Downside thresholds:19,766.51 for Dow, 1,187.8 for Russell, 2,522.59 for S&P, 60% of initial levels
Pricing date:March 11
Settlement date:March 16
Selling agent:BofA Securities, Inc.
Fees:1.5%
Cusip:09709UG36

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