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Published on 4/23/2024 in the Prospect News Structured Products Daily.

New Issue: BofA prices $2.28 million enhanced return notes linked to three indexes

By William Gullotti

Buffalo, N.Y., April 23 – BofA Finance LLC priced $2.28 million of 0% enhanced return notes due April 22, 2027 linked to the least performing of the S&P 500 index, the Nasdaq-100 Equal Weighted index and the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If both indexes gain, the payout at maturity will be par plus 1.5 times the index gain of the worst performer.

If either index declines by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Enhanced return notes
Underlying indexes:S&P 500 index, Nasdaq-100 Equal Weighted index, S&P 500 Equal Weight index
Amount:$2.28 million
Maturity:April 22, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any index gain of lesser performing index; if either index declines by up to 30%, par; otherwise, investors will lose 1% for every 1% the worst performing index declines from its initial level
Initial levels:5,022.21 for S&P, 6,463.37 for S&P EW, 7,098.79 for Nasdaq EW
Threshold levels:3,515.55 for S&P, 4,524.36 for S&P EW, 4,969.15 for Nasdaq EW; 70% of initial levels
Pricing date:April 17
Settlement date:April 22
Selling agent:BofA Securities, Inc.
Fees:0.06%
Cusip:09711BNJ1

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