By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – BofA Finance LLC priced $3.25 million of contingent income autocallable yield notes due Nov. 1, 2023 linked to the worst performing of the stocks of Facebook, Inc., Nvidia Corp. and Walmart, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 13.25% if each stock closes at or above its 60% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each stock closes above its initial value on any quarterly call observation date after six months.
The payout at maturity will be par plus the coupon if each stock finishes above its 60% trigger value.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
|
| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income autocallable yield notes
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| Underlying stocks: | Facebook, Inc., Nvidia Corp. and Walmart, Inc.
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| Amount: | $3,248,000
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| Maturity: | Nov. 1, 2023
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| Coupon: | 13.25% per year if each stock closes at or above its coupon barrier on the related determination date; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus the coupon if each stock finishes above its trigger value; otherwise, investors will be fully exposed to any losses of the worst performing stock
|
| Call: | Automatically at par if each stock closes above initial value on any quarterly call observation date after six months
|
| Initial levels: | $283.29 for Facebook, $535.87 for Nvidia, $142.87 for Walmart
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| Coupon barriers: | $169.97 for Facebook, $321.52 for Nvidia, $85.72 for Walmart; 60% of initial levels
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| Trigger values: | $169.97 for Facebook, $321.52 for Nvidia, $85.72 for Walmart; 60% of initial levels
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
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| Selling agent: | BofA Securities, Inc.
|
| Fees: | 3.25%
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| Cusip: | 09709TX89
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