By Wendy Van Sickle
Columbus, Ohio, April 3 – BofA Finance LLC priced $500,000 of contingent income autocallable buffered notes due Sept. 28, 2026 linked to the worst performing of the Euro Stoxx Banks Price index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8.7501% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that month.
The notes will be called at par if each asset closes at or above its initial level on any determination date after one year.
The payout at maturity will be par unless either underlying asset finishes below its 70% threshold level, in which case investors will be exposed to any losses of the worse performing asset beyond 30%.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch is the agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income autocallable buffered notes
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| Underlying assets: | Euro Stoxx Banks Price index and United States Oil Fund, LP
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| Amount: | $500,000
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| Maturity: | Sept. 28, 2026
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| Coupon: | 8.7501% annualized, payable monthly if each asset closes at or above its 80% coupon barrier on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes at or above threshold level, par plus coupon; otherwise, 1% loss for each 1% decline of worse performing asset beyond 30%
|
| Call: | At par if each component closes at or above its initial level on any interest payment date after one year
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| Initial levels: | 91.75 for index and $12.47 for fund
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| Coupon barriers: | 64.23 for index and $8.73 for fund, 70% of initial levels
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| Threshold levels: | 64.23 for index and $8.73 for fund, 70% of initial levels
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| Pricing date: | March 26
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| Settlement date: | March 29
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 4%
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| Cusip: | 09709TPK1
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