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Published on 4/10/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $6.08 million trigger callable yield notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 10 – BofA Finance LLC priced $6.08 million of 11.5% trigger callable yield notes due July 10, 2024 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par unless any index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. and UBS Financial Services Inc. are the agents.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Trigger callable yield notes
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$6,083,250
Maturity:July 10, 2024
Coupon:11.5% per year, payable monthly
Price:Par of $10
Payout at maturity:Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline worst performer from initial level
Call option:At par on any monthly evaluation date after three months
Initial levels:4,090.38 for S&P, 1,752.134 for Russell
Downside thresholds:2,863.27 for S&P, 1,226.494 for Russell; 70% of initial levels
Pricing date:April 5
Settlement date:April 11
Agents:BofA Securities, Inc. and UBS Financial Services Inc.
Fees:0%
Cusip:09710K495

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