By Kiku Steinfeld
Chicago, March 13 – BofA Finance LLC priced $434,000 of contingent income autocallable yield notes due Dec. 3, 2025 linked to the stock of LyondellBasell Industries NV, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, paid quarterly, if the underlying stock closes at or above its 55% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons.
The notes will be called at par plus the coupon if the stock closes at or above its initial share price on any quarterly observation date after six months.
If the stock gains or ends above its 55% threshold value, the payout at maturity will be par plus the final 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 selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Contingent income autocallable yield notes
|
| Underlying stock: | LyondellBasell Industries NV
|
| Amount: | $434,000
|
| Maturity: | Dec. 3, 2025
|
| Coupon: | 10.25%, paid quarterly, if the underlying stock closes at or above its 55% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its 55% threshold value, par; 1% loss for every 1% that stock declines if it finishes below its threshold value
|
| Call: | At par plus coupon if stock closes at or above initial share price on any quarterly observation date after six months
|
| Initial level: | $83.75
|
| Downside threshold: | $46.06, 55% of initial level
|
| Coupon barrier: | $46.06, 55% of initial level
|
| Pricing date: | Nov. 28, 2022
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| Settlement date: | Nov. 30, 2022
|
| Agent: | BofA Securities
|
| Fees: | 2.5%
|
| Cusip: | 09709VB54
|
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