New York, Dec. 29 – BofA Finance LLC priced $2.33 million of contingent income autocallable yield notes due Dec. 24, 2026 linked to the Consumer Discretionary Select Sector SPDR Fund and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.15%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities may be called automatically starting in June 2024 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly observation date.
If the worst performing asset gains or ends above its 70% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below its threshold value.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. 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 assets: | Consumer Discretionary Select Sector SPDR Fund and SPDR S&P Regional Banking ETF
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| Amount: | $2,325,000
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| Maturity: | Dec. 24, 2026
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| Coupon: | 12.15%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its 70% threshold value, par; 1% loss for every 1% that worst performing asset declines if it finishes below its threshold value
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| Call: | Automatically starting in June 2024 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly observation date
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| Initial levels: | $180.81 for Consumer Discretionary Select Sector SPDR Fund, $52.08 for SPDR S&P Regional Banking ETF
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| Downside thresholds: | $126.57 for Consumer Discretionary Select Sector SPDR Fund, $36.46 for SPDR S&P Regional Banking ETF, 70% of initial level
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| Coupon barriers: | $126.57 for Consumer Discretionary Select Sector SPDR Fund, $36.46 for SPDR S&P Regional Banking ETF, 70% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | BofA Securities, Inc.
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| Fees: | 2.5%
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| Cusip: | 09710PFW1
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