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Name | Symbol | Market | Type |
---|---|---|---|
Bank of America Corp (PK) | USOTC:BACRP | OTCMarkets | Preference Share |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
36.00 | 19.67% | 219.00 | 179.00 | 245.10 | 219.00 | 191.00 | 191.00 | 6 | 21:02:26 |
BofA Finance LLC
Fully and Unconditionally Guaranteed by Bank of America Corporation
Market Linked Securities
|
|
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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SPDR® S&P® Regional Banking ETF, Russell 2000® Index and Nasdaq-100 Index®
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Pricing Date*:
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September 29, 2022
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Issue Date*:
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October 4, 2022
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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 value of the Lowest Performing Underlying on the related Calculation Day 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 Calculation Day; 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 11.25% per annum, to be determined on the pricing date
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Automatic Call:
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If the closing value of the Lowest Performing Underlying on any of the Calculation Days from March 2023 to June 2025, inclusive, is greater than or equal to its Starting Value, the Securities will be automatically called, and on the related Call Settlement Date you will be entitled to receive a cash payment per Security equal to the principal amount per Security plus a final Contingent Coupon Payment.
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Calculation Days*:
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Quarterly, on the 24th day of each March, June, September and December, commencing December 2022 and ending June 2025, and September 24, 2025 (the Final Calculation Day).
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Call Settlement Date:
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Three business days after the applicable Calculation Day
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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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September 29, 2025
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Lowest Performing Underlying
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For any Calculation Day, the Lowest Performing Underlying will be the Underlying with the lowest performance factor on that Calculation Day.
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Performance Factor:
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With respect to an Underlying on any Calculation Day, its closing value on such Calculation 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 value on the pricing date
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Ending Value:
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For each Underlying, its closing value 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, 70% 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 2.125%; dealers, including those using the trade name Wells Fargo Advisors (WFA), may receive a selling concession of 1.50% and WFA may receive a distribution expense fee of 0.075%.
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CUSIP:
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09709V3Q7
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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 (PK) Chart |
1 Month Bank of America (PK) Chart |
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