New Issue: BofA sells $13.89 million trigger autocallable contingent yield notes on two ETFs

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – BofA Finance LLC priced $13.89 million of trigger autocallable contingent yield notes due Dec. 27, 2028 linked to the performance of the SPDR S&P Regional Banking ETF and the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 9.75% per year if each ETF closes at or above its coupon barrier, 60% of its initial level, on the related observation date.

The notes will be automatically called at par plus coupon if each ETF closes at or above its initial level on any quarterly call observation date after six months.

If the notes are not called and the final level of each ETF is greater than or equal to the downside threshold level, 60% of the initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

UBS Financial Services Inc. and BofA Securities, Inc. are the agents.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Trigger autocallable contingent yield notes
Underlying ETFs:	SPDR S&P Regional Banking ETF, Invesco QQQ Trust, series 1
Amount:	$13,885,000
Maturity:	Dec. 27, 2028
Coupon:	9.75% per year, paid quarterly, if each ETF closes at or above its coupon barrier on any related observation date
Price:	Par of $10
Payout at maturity:	Par plus final coupon unless any ETF finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard ETF from initial level
Call:	Automatically at par plus coupon if each ETF closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$52.08 for SPDR S&P, $407.77 for QQQ
Coupon barrier levels:	$31.25 for SPDR S&P, $244.66 for QQQ; 60% of initial levels
Downside thresholds:	$31.25 for SPDR S&P, $244.66 for QQQ; 60% of initial levels
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agents:	UBS Financial Services Inc. and BofA Securities, Inc.
Fees:	2.25%
Cusip:	09710M608

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