Chicago, Jan. 22 – BofA Finance LLC priced $6 million of contingent income issuer callable yield notes due Jan. 22, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.3%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date. Previously unpaid coupons will also be paid.
The securities may be called at par starting Jan. 22, 2025 on any monthly call determination date.
If the index gains or ends above its 70% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the 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
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| Guarantor: | Bank of America Corp.
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| Issue: | Contingent income issuer callable yield notes
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| Underlying index: | S&P 500 index
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| Amount: | $6 million
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| Maturity: | Jan. 22, 2026
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| Coupon: | 7.3% annual rate, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its 70% threshold value, par; 1% loss for every 1% that index declines if it finishes below its threshold value
|
| Call: | At par starting Jan. 22, 2025 on any monthly call determination date
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| Initial level: | 4,765.98
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| Coupon barrier: | 3,336.19, 70% of initial level
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| Downside threshold: | 3,336.19, 70% of initial level
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 19
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| Agent: | BofA Securities, Inc.
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| Fees: | 0.25%
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| Cusip: | 09710PNG7
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