By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – BofA Finance LLC price $650,000 of contingent income autocallable yield notes due Sept. 9, 2022 linked to the worst performing of the common stocks of Citigroup Inc., Facebook, Inc. and FedEx Corp., 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 each stock closes at or above its 65% 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 all three stocks close above their 65% 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 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: | Citigroup Inc., Facebook, Inc. and FedEx Corp.
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| Amount: | $650,000
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| Maturity: | Sept. 9, 2022
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| Coupon: | 19.25% 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 three stocks close above their trigger values; otherwise, investors will be fully exposed to any losses of the worst performing stock
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| Call: | Automatically redeemed at par if each stock closes above initial value on any quarterly call observation date after six months
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| Initial levels: | $66.34 for Citi, $190.90 for Facebook and $164.38 for FedEx
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| Coupon barriers: | $43.12 for Citi, $124.09 for Facebook and $106.85 for FedEx; 65% of initial levels
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| Trigger values: | $43.12 for Citi, $124.09 for Facebook and $106.85 for FedEx; 65% of initial levels
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| Pricing date: | Sept. 5
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| Settlement date: | Sept. 10
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| Underwriter: | BofA Securities, Inc.
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| Fees: | 1.5%
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| Cusip: | 09709TVA6
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