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Published on 12/9/2022 in the Prospect News Structured Products Daily.

New Issue: BofA prices $1.92 million buffered enhanced return notes on Nasdaq, Russell, S&P

By William Gullotti

Buffalo, N.Y., Dec. 9 – BofA Finance LLC priced $1.92 million of 0% buffered enhanced return notes due June 10, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If each index return is positive, the payout at maturity will be par plus 105% of the least performing index return. Investors will receive par if the least performing index declines by 20.25% or less and will lose 1% for every 1% that the worst performing index declines beyond 20.25%.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Buffered enhanced return notes
Underlying indexes:S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:$1,915,000
Maturity:June 10, 2024
Coupon:0%
Price:Par
Payout at maturity:If each index return is positive, par plus 105% of least performing index return; par if least performing index declines by 20.25% or less; 1% loss for every 1% that worst performing index declines beyond 20.25%
Initial levels:3,998.84 for S&P, 1,840.222 for Russell, 11,786.8 for Nasdaq
Buffer levels:3,189.07 for S&P, 1,467.577 for Russell, 9,399.97 for Nasdaq; 79.75% of initial levels
Pricing date:Dec. 5
Settlement date:Dec. 8
Selling agent:BofA Securities, Inc.
Fees:0.5%
Cusip:09709VCF1

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