By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – BofA Finance LLC priced $1 million of contingent income autocallable yield notes due Aug. 22, 2024 linked to the worst performing of the common stocks of Facebook, Inc. and Twitter, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 10% if each stock closes at or above its 55% 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 both stocks close above their 55% trigger values.
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
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income autocallable yield notes
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| Underlying stocks: | Facebook, Inc. and Twitter, Inc.
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| Amount: | $1 million
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| Maturity: | Aug. 22, 2024
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| Coupon: | 10% per year if each stock closes at or above its coupon barrier on the related determination date; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par plus the coupon if all stocks close above their trigger values; otherwise, investors will be fully exposed to the losses of the worst performing stock
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| Call: | Automatically at par if each stock closes at or above its initial value on any quarterly call observation date after six months
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| Initial levels: | $355.12 for Facebook, $62.05 for Twitter
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| Coupon barriers: | $195.32 for Facebook, $34.13 for Twitter; 55% of initial levels
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| Trigger values: | $195.32 for Facebook, $34.13 for Twitter; 55% of initial levels
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 2.35%
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| Cusip: | 09709UQB7
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