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Published on 4/13/2022 in the Prospect News Structured Products Daily.

New Issue: BofA sells $4 million 7.05% trigger callable yield notes on S&P, Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, April 13 – BofA Finance LLC priced $4 million of 7.05% trigger callable yield notes due Oct. 14, 2025 linked to the performance of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Interest is payable quarterly.

The notes are callable at par on any quarterly coupon payment date.

The payout at maturity will be par of $10 unless any index finishes below its 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

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

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Trigger callable yield notes
Underlying indexes:S&P 500 index, Russell 2000 index, Euro Stoxx 50 index
Amount:$4 million
Maturity:Oct. 14, 2025
Coupon:7.05% per year, payable quarterly
Price:Par of $10
Payout at maturity:Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performer from initial level
Call option:At par quarterly on any coupon date
Initial levels:3,858.37 for Stoxx. 4,488.28 for S&P, 1,994.562 for Russell
Downside thresholds:1,929.19 for Stoxx, 2,244.14 for S&P, 997.281 for Russell; 50% of initial level
Pricing date:April 8
Settlement date:April 13
Underwriter:BofA Securities, Inc. and UBS Financial Services Inc.
Fees:0%
Cusip:09710G825

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