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Published on 11/14/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $1.63 million 8% contingent income autocallable yield notes on indexes

Chicago, Nov. 14 – BofA Finance LLC priced $1.63 million of contingent income autocallable yield notes due Nov. 13, 2025 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.

The securities may be called automatically starting in May 2024 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly observation date.

If the worst performing index gains or ends above its 65% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its threshold value.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Contingent income autocallable yield notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:$1.63 million
Maturity:Nov. 13, 2025
Coupon:8% annual rate, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
Price:Par
Payout at maturity:If worst performing index finishes at or above its 65% threshold value, par; 1% loss for every 1% that worst performing index declines if it finishes below its threshold value
Call:Automatically starting in May 2024 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly observation date
Initial levels:15,313.24 for Nasdaq, 1,714.068 for Russell, 4,382.78 for S&P
Coupon barriers:10,719.27 for Nasdaq, 1,199.848 for Russell, 3,067.95 for S&P, 70% of initial levels
Downside thresholds:9,953.61 for Nasdaq, 1,114.144 for Russell, 2,848.81 for S&P, 65% of initial levels
Pricing date:Nov. 8
Settlement date:Nov. 13
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:09710P5P7

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