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Published on 12/7/2023 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $641,000 buffered digital return notes on S&P 500

Chicago, Dec. 7 – BofA Finance LLC priced $641,000 of 0% buffered digital return notes due Oct. 24, 2025 linked to 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.

The payout at maturity will be par plus 35.36% if the index finishes at or above its initial level.

If the index falls by up to 17%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 17%.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Buffered digital return notes
Underlying index:S&P 500 index
Amount:$641,000
Maturity:Oct. 24, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 35.36% if index finishes at or above initial level; par if declines by up to 17%; loss of 1% for every 1% index decline beyond 17%
Initial level:3,901.06
Threshold level:3,237.88, 83% of initial levels
Pricing date:Oct. 28, 2022
Settlement date:Nov. 2, 2022
Agent:BofA Securities, Inc.
Fees:0.25%
Cusip:09709V7A8

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