New Issue: BofA sells $1.55 million contingent income issuer callable yield notes on three indexes

By William Gullotti

Buffalo, N.Y., April 18 – BofA Finance LLC priced $1.55 million of contingent income (with memory feature) issuer callable yield notes due Dec. 31, 2026 linked to the worst performing of the Nasdaq-100 Technology Sector index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9.2508% if each underlying index closes at or above its 80% coupon barrier on the observation date for that period. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes are callable at par plus any coupon otherwise due on any monthly determination date after one year.

The payout at maturity will be par plus the final coupon if each index finishes at or above its coupon barrier.

If the worst performing index finishes below its coupon barrier but at or above its 70% threshold level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.

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:	Contingent income (with memory feature) issuer callable yield notes
Underlying indexes:	Nasdaq-100 Technology Sector index, Russell 2000, S&P 500 index
Amount:	$1,547,000
Maturity:	Dec. 31, 2026
Coupon:	9.2508% annualized rate, payable monthly if each index closes at or above its coupon barrier on observation date for that period; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	If each index finishes at or above coupon barrier, par plus final coupon; if worst performing index finishes below coupon barrier but not below downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing index from initial level
Call option:	At par plus any coupon due on any monthly determination date after one year
Initial levels:	10,420.33 for Nasdaq Tech, 2,124.547 for Russell, 5,254.35 for S&P
Coupon barriers:	8,336.26 for Nasdaq Tech, 1,699.638 for Russell, 4,203.48 for S&P; 80% of initial levels
Downside thresholds:	7,294.23 for Nasdaq Tech, 1,487.183 for Russell, 3,678.05 for S&P; 70% of initial levels
Pricing date:	March 28
Settlement date:	April 3
Selling agent:	BofA Securities, Inc.
Fees:	1%
Cusip:	09711BEQ5

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