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Published on 11/27/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $605,000 capped buffered enhanced return notes on Dow

Chicago, Nov. 27 – BofA Finance LLC priced $605,000 of 0% capped buffered enhanced return notes due Oct. 29, 2026 linked to the Dow Jones industrial average, 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 71.5%. If the index’s final level is less than its initial level but greater than or equal to its buffer level, 80% of its initial level, the payout will be par. If the index finishes below its buffer level, investors will be exposed its decline beyond 20%.

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:Dow Jones industrial average
Amount:$605,000
Maturity:Oct. 29, 2026
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 71.5%; 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 20%
Initial level:30,333.59
Buffer level:24,266.87, 80% of initial level
Strike date:Oct. 20, 2022
Pricing date:Oct. 24, 2022
Settlement date:Oct. 27, 2022
Agent:BofA Securities, Inc.
Fees:0.25%
Cusip:09709V6R2

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