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Published on 5/31/2022 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $1.23 million enhanced return notes on ETFs

Chicago, May 31 – BofA Finance LLC priced $1.23 million of 0% enhanced return notes due Nov. 15, 2024 linked to the least performing of the Industrial Select Sector SPDR fund, the Technology Select Sector SPDR fund and the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the ETFs gain, the payout at maturity will be par plus 1.65 times the index gain of the worst performer.

If any ETF declines by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing ETF 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 assets:Industrial Select Sector SPDR fund, the Technology Select Sector SPDR fund and the iShares Global Clean Energy ETF
Amount:$1,231,000
Maturity:Nov. 15, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.65 times any gain in worst performer; if any ETF declines by up to 30%, par; otherwise, investors will lose 1% for every 1% the least performing ETF declines from its initial level
Initial levels:$106.90 for Industrial, $167.31 for Technology, $25.08 for Clean Energy
Threshold levels:$74.83 for Industrial, $117.12 for Technology, $17.56 for Clean Energy, 70% of initial levels
Pricing date:Nov. 12, 2021
Settlement date:Nov. 17, 2021
Agent:BofA Securities, Inc.
Fees:3%
Cusip:09709UVK1

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