New Issue: BofA sells $1.26 million 8% fixed-income callable yield notes on stocks

By Kiku Steinfeld

Chicago, March 14 – BofA Finance LLC priced $1.26 million of 8% fixed-income callable yield notes due Sept. 21, 2023 linked to the worst performing of the stocks of Apple Inc., Alphabet Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is paid quarterly.

The notes may be called at par plus the fixed interest payment on any quarterly determination date.

The payout at maturity will be par plus the fixed interest payment unless any stock finishes below its 70% knock-in level, in which case investors will be fully exposed to the losses of the worst performing stock.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Fixed-income callable yield notes
Underlying stocks:	Apple Inc., Alphabet Inc. and Amazon.com, Inc.
Amount:	$1.26 million
Maturity:	Sept. 21, 2023
Coupon:	8% annualized, paid quarterly
Price:	Par
Payout at maturity:	If each stock finishes above its knock-in level, par plus coupon; otherwise, 1% loss for each 1% decline of worst performing stock
Call option:	At par plus coupon on any quarterly determination date
Initial levels:	$2,887.47 for Alphabet, $3,488.24 for Amazon, $148.79 for Apple
Knock-in levels:	$2,021.2 for Alphabet, $2,441.77 for Amazon, $104.15 for Apple, 70% of initial levels
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Selling agent:	BofA Securities, Inc.
Fees:	1.5%
Cusip:	09709USB5

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