New Issue: BofA prices $1.8 million 9.25% fixed income yield notes linked to Russell, S&P

By William Gullotti

Buffalo, N.Y., Dec. 15 – BofA Finance LLC priced $1.8 million of 9.25% fixed income yield notes due June 13, 2024 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless any index finishes below its 70% threshold level, in which case investors will be fully exposed to any 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:	Fixed income yield notes
Underlying assets:	Russell 2000 index, S&P 500 index
Amount:	$1,796,000
Maturity:	June 13, 2024
Coupon:	9.25% annualized, payable monthly
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
Initial levels:	3,934.38 for S&P, 1,796.661 for Russell
Downside thresholds:	2,754.07 for S&P, 1,257.663 for Russell; 70% of initial levels
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Selling agent:	BofA Securities, Inc.
Fees:	0.875%
Cusip:	09709VBH8

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