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Published on 11/1/2023 in the Prospect News Structured Products Daily.

New Issue: BofA Finance prices $8.73 million Accelerated Return Notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – BofA Finance LLC priced $8.73 million of 0% Accelerated Return Notes due Dec. 20, 2024 linked to the Euro Stoxx 50 index, 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 of $10 plus triple any index gain, subject to a maximum payout of par plus 22.85%.

Investors will be exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50 index
Amount:$8,733,380
Maturity:Dec. 20, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 22.85%; otherwise, 1% loss for every 1% decline of index from initial value
Initial value:4,049.4
Pricing date:Oct. 26
Settlement date:Nov. 2
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:09710N192

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