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Published on 4/24/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $534,000 13% contingent income autocallable yield notes linked to Nasdaq-100, Russell 2000

New York, April 24 – BofA Finance LLC priced $534,000 of contingent income autocallable yield notes due March 3, 2023 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 13%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.

The securities may be called automatically starting in November 2022 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent determination date.

If none of the indexes closes below the 75% threshold value during the life of the notes the payout at maturity will be par plus the contingent coupon. Otherwise investors will lose 1% for every 1% that the worst performing index declines.

The notes are guaranteed by Bank of America Corp.

BofA Securities is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Contingent income autocallable yield notes
Underlying indexes:Nasdaq-100 index and Russell 2000 index
Amount:$534,000
Maturity:March 3, 2023
Coupon:13%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:If none of the indexes close below the 75% threshold value during the life of the notes, par; otherwise 1% loss for every 1% that worst performing index declines
Call:Automatically starting in November 2022 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent determination date
Initial levels:12,642.10 for Nasdaq-100 Index, 1,864.043 for Russell 2000 Index
Downside thresholds:9,481.58 for Nasdaq-100 Index, 1,398.032 for Russell 2000 Index, 75% of initial levels
Coupon barriers:9,481.58 for Nasdaq-100 Index, 1,398.032 for Russell 2000 Index, 75% of initial levels
Pricing date:May 31, 2022
Settlement date:June 3, 2022
Agent:BofA Securities
Fees:0.5%
Cusip:09709UU22

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