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Name | Symbol | Market | Type |
---|---|---|---|
Bank of America Corporation | NYSE:BML-G | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.60 | 0 | 15:24:20 |
BofA Finance LLC
Fully and Unconditionally Guaranteed by Bank of America Corporation
Market Linked Securities
|
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Issuer and Guarantor:
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BofA Finance LLC (BofA Finance or Issuer) and Bank of America Corporation (BAC or Guarantor)
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Underlyings:
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S&P 500® Index, Russell 2000® Index and Nasdaq-100® Index
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Pricing Date*:
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April 28, 2023
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Issue Date*:
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May 3, 2023
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Denominations:
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$1,000 and any integral multiple of $1,000. References in the pricing supplement to a Security are to a Security with a principal amount of $1,000.
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Contingent Coupon Payments:
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On each Contingent Coupon Payment Date, you will receive a Contingent Coupon Payment at a per annum rate equal to the Contingent Coupon Rate if, and only if, the closing level of the Lowest Performing Underlying on each Eligible Trading Day during the relevant Observation Period is greater than or equal to its Coupon Barrier. Each Contingent Coupon Payment, if any, will be calculated per Security as follows: ($1,000 × Contingent Coupon Rate) / 4
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Contingent Coupon Payment Dates:
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Quarterly, on the third business day following each Observation Period End-Date; provided that the Contingent Coupon Payment Date with respect to the Final Calculation Day will be the Maturity Date.
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Contingent Coupon Rate:
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At least 10.50% per annum, to be determined on the Pricing Date.
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Observation Period End-Dates*:
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Quarterly, on the 24th day of each January, April, July, and
October, commencing July 2023 and ending July 2025, and October 24, 2025 (the Final Calculation Day).
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Observation Periods:
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Each Observation Period will consist of each day that is a trading day for at least one Underlying (each such day, an Eligible Trading Day) from but excluding an Observation Period End-Date to and including the following Observation Period End-Date, provided that the first Observation Period will consist of each Eligible Trading Day from but excluding the Pricing Date to and including the first Observation Period End-Date.
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Optional Redemption:
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We may, at our option, redeem the Securities, in whole but not in part, on any Optional Redemption Date. If we elect to redeem the Securities prior to stated maturity, you will be entitled to receive on the applicable Optional Redemption Date a cash payment per Security equal to the principal amount plus any final Contingent Coupon Payment otherwise due.
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Optional Redemption Dates*:
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Quarterly, on the Contingent Coupon Payment Dates following each Observation Period End-Date scheduled to occur from July 2023 to July 2025, inclusive.
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Maturity Payment Amount (per Security):
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●
if the Ending Value of the Lowest Performing Underlying on the Final Calculation Day is greater than or equal to its
Threshold Value: $1,000; or ●
if the Ending Value of the Lowest Performing Underlying on the Final Calculation Day is less than its Threshold Value:
$1,000 × Performance Factor of the Lowest Performing Underlying on the Final Calculation Day
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Maturity Date*:
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October 29, 2025
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Lowest Performing Underlying
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For any Eligible Trading Day during an Observation Period (including the Final Calculation Day), the Lowest Performing Underlying will be the Underlying with the lowest Performance Factor on that day and that has not been disregarded due to a Market Disruption Event or non-trading day.
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Performance Factor:
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With respect to an Underlying on any Eligible Trading Day during an Observation Period, its closing level on such day divided by its Starting Value (expressed as a percentage).
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Starting Value:
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For each Underlying, its closing level on the pricing date
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Ending Value:
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For each Underlying, its closing level on the Final Calculation Day
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Coupon Barrier:
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For each Underlying, 70% of its Starting Value
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Threshold Value:
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For each Underlying, 60% of its Starting Value
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Calculation Agent:
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BofA Securities, Inc. (BofAS), an affiliate of BofA Finance
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Underwriting Discount**:
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Up to 1.575%; dealers, including those using the trade name Wells Fargo Advisors (WFA), may receive a selling concession of 1.00% and WFA may receive a distribution expense fee of 0.075%.
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CUSIP:
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09709VPG5
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Material Tax Consequences:
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See the preliminary pricing supplement.
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1 Year Bank of America Chart |
1 Month Bank of America Chart |
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