Chicago, April 25 – BofA Finance LLC priced $8.19 million of jump securities with autocallable feature due Jan. 31, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Feb. 6, 2025 at a price to give a return of 9.16% per year on any quarterly call determination date.
At maturity the payout will be par plus 36.64% if the worst performing underlier finishes above its initial level.
The payout will be par if the index declines but finishes above its 80% trigger level and investors will be fully exposed to the decline of the index if it finishes below its 80% trigger level.
The notes are guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent. Morgan Stanley will act as distributor.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Russell 2000 index
|
| Amount: | $8,189,000
|
| Maturity: | Jan. 31, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 36.64% if index finishes above its initial level; par if index declines but finishes above its 80% trigger level; otherwise, full exposure to decline of index
|
| Call: | Automatically starting Feb. 6, 2025 at a price to give a return of 9.16% per year on any quarterly call determination date
|
| Initial level: | 1,978.331
|
| Downside thresholds: | 1,582.665, 80% of initial level
|
| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
|
| Agent: | BofA Securities, Inc.
|
| Distributor: | Morgan Stanley
|
| Fees: | 3%
|
| Cusip: | 09710PNR3
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