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Published on 8/17/2022 in the Prospect News Structured Products Daily.

New Issue: BofA prices $5.69 million capped buffered enhanced return notes tied to index, ETF

By William Gullotti

Buffalo, N.Y., Aug. 17 – BofA Finance LLC priced $5.69 million of 0% capped buffered enhanced return notes due Nov. 15, 2024 linked to the Nasdaq-100 index and the iShares Russell 1000 Growth ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par plus 300% of any gain in the least performing underlier, up to a to the maximum redemption amount of par plus 37.2%.

Investors will receive par if any underlier falls by up to 10% and will lose 1% for each 1% decline of the worst performer beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped buffered enhanced return notes
Underlying assets:Nasdaq-100 index, iShares Russell 1000 Growth ETF
Amount:$5,691,000
Maturity:Nov. 15, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any gain in least performing underlier, capped at par plus 37.2%; par if any underlier falls by 10% or less; otherwise, 1% loss per 1% decline of worst performer beyond 10%
Initial levels:$255.95 for ETF, 13,565.87 for index
Buffer levels:$230.36 for ETF, 12,209.28 for index; 90% of initial levels
Pricing date:Aug. 12
Settlement date:Aug. 17
Agent:BofA Securities, Inc.
Fees:None
Cusip:09709U5X2

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