By Taylor Fox
New York, Feb. 22 – BofA Finance LLC priced $1.53 million of contingent income autocallable yield notes due Aug. 3, 2023 linked to the common stock of Alteryx, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 19.25% if the stock closes at or above its 70% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if the stock closes above 90% of its initial value on any quarterly call observation date.
The payout at maturity will be par plus the coupon if the stock closes above its 70% trigger value.
Otherwise, investors will be fully exposed to any losses of the stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income autocallable yield notes
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| Underlying stock: | Alteryx, Inc.
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| Amount: | $1,532,000
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| Maturity: | Aug. 3, 2023
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| Coupon: | 19.25% per year if stock closes at or above its coupon barrier on related determination date; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par plus the coupon if stock closes above its trigger value; otherwise, investors will be fully exposed to any losses of stock
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| Call: | Automatically redeemed at par if stock closes above 90% of initial value on any quarterly call observation date
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| Initial level: | $126.05
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| Coupon barriers/trigger: | $88.24 or 70% of initial level
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| Call level: | $113.45 or 90% of initial level
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 3
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 3.25%
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| Cusip: | 09709T5M9
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