New Issue: BofA sells $1.25 million contingent income autocallable yield notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – BofA Finance LLC priced $1.25 million of contingent income autocallable yield notes due Dec. 28, 2027 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.

The notes will pay a contingent quarterly coupon at an annual rate of 8.2% if each underlying index closes at or above its 70% coupon barrier on the relevant observation date.

The notes will be called at par plus coupon if each index closes above its initial level on any quarterly determination date after three years.

If the notes have not been called, the payout at maturity will be par unless either index closes below its 70% downside threshold during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level.

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:	Contingent income autocallable yield notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1.25 million
Maturity:	Dec. 28, 2027
Coupon:	8.2% annualized, payable quarterly if each index closes at or above its coupon barrier on the corresponding observation date
Price:	Par
Payout at maturity:	Par unless either index closes below its 70% downside threshold during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level
Call:	At par plus coupon if each index closes above its initial level on any quarterly determination date after three years
Initial levels:	1,754.086 for Russell, 3,822.39 for S&P
Coupon barriers:	1,227.86 for Russell, 2,675.67 for S&P; 70% of initial levels
Downside thresholds:	1,227.86 for Russell, 2,675.67 for S&P; 70% of initial levels
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Selling agent:	BofA Securities, Inc.
Fees:	2.25%
Cusip:	09709VDE3

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