Chicago, Jan. 26 – BofA Finance LLC priced $2.24 million of 0% autocallable notes due Jan. 23, 2026 linked to the least performing of the Energy Select Sector SPDR fund and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes are callable at par plus an annual premium of 9.4% if both funds close above 90% of their initial levels on an annual observation date.
The payout at maturity will be par plus 37.6% if both funds close above 90% of their starting levels. The payout will be par if either fund closes below 90% of its initial level and both funds close above their 70% threshold values.
Otherwise, investors will be fully exposed to the losses of the worst performer.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
|
| Issue: | Autocallable notes
|
| Underlying ETFs: | Energy Select Sector SPDR fund and the iShares Russell 2000 Value ETF
|
| Amount: | $2,236,000
|
| Maturity: | Jan. 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 37.6% if both funds close above 90% of initial level; par if one fund is below 90% of initial level and both funds finish above threshold values; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus 9.4% annual premium if both funds finish above 90% of initial levels on annual call observation date
|
| Initial share prices: | $63.71 for Energy, $156.74 for Russell
|
| Call levels: | $57.34 for Energy, $141.07 for Russell, 90% of initial share prices
|
| Threshold values: | $44.60 for Energy, $109.72 for Russell, 70% of initial share prices
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Selling agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 09709UYR3
|
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