By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – BofA Finance LLC priced $1.34 million of contingent income autocallable yield notes due Sept. 14, 2023 linked to the worst performing of the VanEck Vectors Gold Miners ETF and the iShares Silver trust, according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 10% if each ETF closes at or above its 70% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each ETF closes above its initial value on any monthly call observation date after six months.
The payout at maturity will be par plus the coupon if both ETFs close above their 60% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing ETF.
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 ETFs: | VanEck Vectors Gold Miners ETF and iShares Silver trust
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| Amount: | $1.34 million
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| Maturity: | Sept. 14, 2023
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| Coupon: | 10% per year if each ETF closes at or above its coupon barrier on the related determination date; payable monthly
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| Price: | Par
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| Payout at maturity: | Par plus the coupon if all ETFs close above their trigger values; otherwise, investors will be fully exposed to the losses of the worst performing ETF
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| Call: | Automatically at par if each ETF closes at or above its initial value on any monthly call observation date after six months
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| Initial levels: | $35.08 for gold, $22.26 for silver
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| Coupon barriers: | $24.56 for gold, $15.58 for silver; 70% of initial levels
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| Trigger values: | $21.05 for gold, $13.36 for silver; 60% of initial levels
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| Pricing date: | Dec. 11
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| Settlement date: | Dec. 16
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 2.75%
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| Cusip: | 09709T3S8
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