New York, March 3 – BofA Finance LLC priced $1.16 million of contingent income autocallable yield notes due March 5, 2026 linked to the shares of Datadog, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 21.1%, paid quarterly, if the underlying stock closes at or above its 50% coupon barrier on the related quarterly observation date.
The securities may be called automatically starting in May 2023 at par and on any subsequent quarterly observation date if the shares close at or above their initial level.
If the stock gains or ends above its 50% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its threshold value.
The notes are guaranteed by Bank of America Corp.
BofA Securities is the agent.
Issuer: | BofA Finance LLC
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Guarantor: | Bank of America Corp.
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Issue: | Contingent income autocallable yield notes
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Underlying stock: | Datadog, Inc.
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Amount: | $1.16 million
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Maturity: | March 5, 2026
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Coupon: | 21.1%, paid quarterly, if the underlying stock closes at or above its 50% coupon barrier on the related quarterly observation date
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Price: | Par
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Payout at maturity: | If stock finishes at or above its 50% threshold value, par; 1% loss for every 1% that stock declines if it finishes below its threshold value
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Call: | Automatically starting in May 2023 at par and on any subsequent quarterly observation date if shares close at or above initial level
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Initial level: | $76.52
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Downside threshold: | $38.26, 50% of initial level
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Coupon barrier: | $38.26, 50% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | BofA Securities
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Fees: | 2%
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Cusip: | 09709VJT4
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