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Published on 2/14/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $8.44 million 10.1% contingent income issuer callable yield notes on indexes

New York, Feb. 14 – BofA Finance LLC priced $8.44 million of contingent income issuer callable yield notes due Feb. 12, 2026 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.1%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.

The securities may be called starting Feb. 14, 2024 on any quarterly call determination date.

If the worst performing index gains or ends above its 50% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its threshold value.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Contingent income issuer callable yield notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:$8,438,000
Maturity:Feb. 12, 2026
Coupon:10.1%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
Price:Par
Payout at maturity:If worst performing index finishes at or above its 50% threshold value, par; 1% loss for every 1% that worst performing index declines if it finishes below its threshold value
Call:Starting Feb. 14, 2024 on any quarterly call determination date
Initial levels:33,699.88 for Dow Jones Industrial Average, 12,381.17 for Nasdaq-100 Index, 4,081.50 for S&P 500 Index
Downside thresholds:16,849.94 for Dow Jones Industrial Average, 6,190.59 for Nasdaq-100 Index, 2,040.75 for S&P 500 Index, 50% of initial level
Coupon barriers:25,274.91 for Dow Jones Industrial Average, 9,285.88 for Nasdaq-100 Index, 3,061.13 for S&P 500 Index, 75% of initial levels
Pricing date:Feb. 9
Settlement date:Feb. 14
Agent:BofA Securities, Inc.
Fees:0.15%
Cusip:09709VES1

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