New Issue: BofA sells $1.26 million callable contingent market-linked notes with downside on indexes

By Wendy Van Sickle

Columbus, Ohio, April 3 – BofA Finance LLC priced $1.26 million of market-linked securities – callable with contingent coupon and contingent downside due March 25, 2027 linked to the performance of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its 70% coupon threshold on the observation for date that period.

The notes may be redeemed early at par plus any coupon otherwise due on any quarterly determination date after six months.

The payout at maturity will be par plus the final coupon if each index finishes at or above its 70% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

The notes are guaranteed by Bank of America Corp.

Wells Fargo Securities, LLC and BofA Securities, Inc. are the agents.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Market linked securities – callable with contingent coupon and contingent downside
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 Technology Sector index
Amount:	$1,259,000
Maturity:	March 25, 2027
Coupon:	9% annualized, payable quarterly if each index closes at or above coupon threshold on observation for date that period
Price:	Par
Payout at maturity:	If each index finishes at or above its downside threshold, par; otherwise, 1% loss per 1% decline of worst performer from its initial level
Call option:	At par plus any coupon otherwise due on any quarterly determination date after six months
Initial levels:	5,234.18 for S&P, 2,071.998 for Russell, 10,444.17 for Nasdaq
Coupon thresholds:	3,663.926 for S&P, 1,450.3986 for Russell, 7,310.919 for Nasdaq; 70% of initial levels
Downside thresholds:	3,663.926 for S&P, 1,450.3986 for Russell, 7,310.919 for Nasdaq; 70% of initial levels
Pricing date:	March 22
Settlement date:	March 27
Agents:	Wells Fargo Securities, LLC and BofA Securities, Inc.
Fees:	2.325%
Cusip:	09711BCB0

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