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Published on 1/2/2024 in the Prospect News Structured Products Daily.

New Issue: BofA sells $25.32 million capped gears linked a weighted five-index basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – BofA Finance LLC priced $25.32 million of 0% capped gears due Feb. 28, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

The payout at maturity will be par of $10 plus triple any index gain, capped at par plus 20.85%.

Investors will be fully exposed to any basket decline.

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

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped gears
Underlying basket:Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:$25,315,600
Maturity:Feb. 28, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus three times any basket gain, capped at par plus 20.85%; otherwise, full exposure to loss
Initial levels:4,528.38 for Stoxx, 33,681.24 for Nikkei, 7,724.95 for FTSE, 11,113.98 for Swiss Market, 7,561.22 for S&P/ASX
Pricing date:Dec. 27
Settlement date:Dec. 29
Agents:UBS Financial Services Inc. and BofA Securities, Inc.
Fees:2%
Cusip:09710M566

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