BofA plans to price autocallable market-linked securities on S&P

By Emma Trincal

New York, July 21 – BofA Finance LLC plans to price market-linked securities –autocallable with contingent downside – due July 27, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index closes at or above its initial level on any annual valuation date, the notes will be called at par plus an annualized call premium of at least 10.25%. The exact call premium amount will be set at pricing.

If the final index level is at or above its initial level, the payout at maturity will be par plus at least 41%.

If the final index level is less than its initial level but greater than or equal to the barrier level, 75% of the initial price, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index.

Wells Fargo Securities, LLC and BofA Securities, Inc. are the selling agents.

The notes will price on July 22 and settle on July 27.

The Cusip number is 09709U4K1.

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