$12,246,000 Contingent Income Auto-Callable Yield Notes due April 19, 2024, priced on April 16, 2021, were issued by BofA Finance LLC. The pricing supplement for this note (CUSIP: 09709UGK8) can be found here. The notes had a $1,000 face value and paid a quarterly coupon of $32.5385, so long as the notes had not been called and and Chewy all closed above 50% of their April 16, 2021 closing prices on a determination date. If and Chewy closed below 50% of their April 16, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $1,000 in principal if and Chewy all closed on the final determination date on April 16, 2024 and above 50% of their April 16, 2021 closing prices. If on April 16, 2024 and Chewy closed below 50% of their April 16, 2021 closing prices, the notes paid reduced principal euqal to $1,000 multiplied by the lowest ratio of and Chewy April 16, 2024 closing prices to their April 16, 2021 closing prices. The notes have matured. They paid four coupons totaling $162.6925 and $196.79 repayment per $1,000 note. Investors thus suffered capital losses of $803.21 and net losses of $640.52.† In the aggregate, investors in this note suffered $9,836,092 in capital losses and $7,843,760 in net losses. See Table 1 and Figure 1.
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