New Issue: BofA prices $12.24 million 9.2% fixed income yield notes tied to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 25 – BofA Finance LLC priced $12.24 million of 9.2% fixed income yield notes due April 24, 2025 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either index finishes below its initial level and either index has ever closed below its 75% knock-in level any day during the life of the notes, in which case investors will be fully exposed to the decline of the worst performer.

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 yield notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$12,243,000
Maturity:	April 24, 2025
Coupon:	9.2% annualized, payable monthly
Price:	Par
Payout at maturity:	If each index finishes at or above initial level or has never closed below knock-in level, par; otherwise, 1% loss for each 1% decline of worst performer from initial level
Initial levels:	5,224.62 for S&P, 2,074.88 for Russell
Knock-in levels:	3,918.47 for S&P, 1,556.16 for Russell; 75% of initial levels
Pricing date:	March 20
Settlement date:	March 25
Selling agent:	BofA Securities, Inc.
Fees:	0%
Cusip:	09711BCP9

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