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Published on 10/26/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $8.47 million trigger callable yield notes on S&P, Nasdaq

Chicago, Oct. 26 – BofA Finance LLC priced $8.47 million of 9.45% trigger callable yield notes due Jan. 24, 2025 linked to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par unless any index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

The notes are guaranteed by Bank of America Corp.

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:Nasdaq-100 index and S&P 500 index
Amount:$8,469,470
Maturity:Jan. 24, 2025
Coupon:9.45% per year, payable monthly
Price:Par of $10
Payout at maturity:Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline worst performer from initial level
Call option:At par on any monthly evaluation date after three months
Initial levels:14,909.26 for Nasdaq, 4,314.60 for S&P
Downside thresholds:8,945.56 for Nasdaq, 2,588.76 for S&P; 60% of initial levels
Pricing date:Oct. 18
Settlement date:Oct. 23
Agents:BofA Securities, Inc. and UBS Financial Services Inc.
Fees:0%
Cusip:09710M400

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