New Issue: BofA prices $1 million capped buffered enhanced return notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – BofA Finance LLC priced $1 million of 0% capped buffered enhanced return notes due April 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 1.25 times the return, subject to a maximum return of 16%. If the index’s final level is less than its initial level but greater than or equal to its buffer level, 90% of its initial level, the payout will be par. If the index finishes below its buffer level, investors will be exposed its decline beyond 10%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped buffered enhanced return notes
Underlying index:	S&P 500
Amount:	$1,001,000
Maturity:	April 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of the index is greater than or equal to initial level, par plus 1.25 times return, subject to maximum return of 16%; if index’s final level is less than initial level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial level:	4,137.23
Buffer level:	3,723.51, 90% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	BofA Securities, Inc.
Fees:	2.2%
Cusip:	09711ASS8

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