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Published on 11/1/2021 in the Prospect News Structured Products Daily.

New Issue: BofA sells $335,000 7% fixed income issuer callable yield notes on S&P, Russell

Chicago, Nov. 1 – BofA Finance LLC priced $335,000 of 5.25% fixed income issuer callable yield notes due Sept. 29, 2023 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes can be called at par on any quarterly determination date after six months.

The payout at maturity will be par unless any index finishes below its 70% threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Fixed income issuer callable yield notes
Underlying assets:Russell 2000 index and S&P 500 index
Amount:$335,000
Maturity:Sept. 29, 2023
Coupon:5.25% annualized, payable quarterly
Price:Par
Payout at maturity:If each index finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing index
Call option:At par on any quarterly determination date after six months
Initial levels:3,974.54 for S&P, 2,221.482 for Russell
Downside thresholds:2,782.18 for S&P, 1,555.037 for Russell, 70% of initial levels
Pricing date:March 26
Settlement date:March 31
Selling agent:BofA Securities, Inc.
Fees:2.5%
Cusip:09709UDJ4

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