By Wendy Van Sickle
Columbus, Ohio, April 27 – BofA Finance LLC priced $1.51 million of contingent income autocallable yield notes due April 11, 2024 linked to the worst performing of the stocks of Caterpillar Inc., Crown Castle International Corp. and Nucor Corp., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 11% 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 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
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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: | Caterpillar Inc., Crown Castle International Corp. and Nucor Corp.
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| Amount: | $1,509,000
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| Maturity: | April 11, 2024
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| Coupon: | 11% per year if each stock closes at or above its coupon barrier on the related determination date; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par 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: | $230.48 for Caterpillar, $175.75 for Crown Castle, $79.60 for Nucor
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| Coupon barriers: | $138.29 for Caterpillar, $105.45 for Crown Castle, $47.76 for Nucor; 60% of initial levels
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| Trigger values: | $138.29 for Caterpillar, $105.45 for Crown Castle, $47.76 for Nucor; 60% of initial levels
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| Pricing date: | April 8
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| Settlement date: | April 12
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| Selling agent: | BofA Securities, Inc.
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| Fees: | 1.5%
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| Cusip: | 09709UGG7
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