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Published on 3/11/2024 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.7 million contingent income autocallable yield notes on indexes, ETF

New York, March 11 – BofA Finance LLC priced $2.7 million of contingent income autocallable yield notes due Feb. 26, 2027 linked to the Nasdaq-100 index, the Russell 2000 index and the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.5%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.

The securities may be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly determination date starting in August 2024.

If the worst performing asset finishes at or above its 60% threshold value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from initial level.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Contingent income autocallable yield notes
Underlying assets:Nasdaq-100 index, Russell 2000 index and SPDR S&P Regional Banking ETF
Amount:$2,697,000
Maturity:Feb. 26, 2027
Coupon:10.5%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:If worst performing asset finishes at or above its 60% threshold value, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
Call:Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly determination date starting in August 2024
Initial levels:17,937.61 for Nasdaq-100, 2,016.688 for Russell 2000, $47.87 for SPDR S&P Regional Banking ETF
Downside thresholds:10,762.57 for Nasdaq-100, 1,210.013 for Russell 2000, $28.72 for SPDR S&P Regional Banking ETF, 60% of initial levels
Coupon barriers:12,556.33 for Nasdaq-100, 1,411.682 for Russell 2000, $33.51 for SPDR S&P Regional Banking ETF, 70% of initial levels
Pricing date:Feb. 23
Settlement date:Feb. 28
Agent:BofA Securities, Inc.
Fees:3%
Cusip:09710PVC7

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