New Issue: BofA sells $602,000 12.85% fixed income callable yield notes on three indexes

By Kiku Steinfeld

Chicago, Feb. 1 – BofA Finance LLC priced $602,000 of 12.85% fixed income callable yield notes due Nov. 7, 2023 linked to the worst performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be callable at par on any monthly determination date beginning May 5, 2023.

If the notes have not been called, the payout at maturity will be par unless any index closes below its 70% threshold value, in which case investors will lose 1% for every 1% that the worst performer finishes below its 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:	Fixed income callable yield notes
Underlying assets:	Russell 2000 index, S&P 500 index, Nasdaq-100 index
Amount:	$602,000
Maturity:	Nov. 7, 2023
Coupon:	12.85% annualized, payable monthly
Price:	Par
Payout at maturity:	Par unless any index closes below its downside threshold value, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
Call option:	At par on any monthly determination date beginning May 5, 2023
Initial levels:	3,759.69 for S&P, 1,789.137 for Russell, 10,906.34 for Nasdaq
Downside thresholds:	2,631.78 for S&P, 1,252.396 for Russell, 7,634.44 for Nasdaq; 70% of initial levels
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Selling agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09709VAG1

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