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Published on 1/5/2024 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $164,000 buffered digital return notes on S&P 500

Chicago, Dec. 7 – BofA Finance LLC priced $164,000 of 0% buffered digital return notes due May 31, 2024 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 8.25% if the index finishes at or above its initial level.

If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 10%.

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:$164,000
Maturity:May 31, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 8.25% if index finishes at or above initial level; par if declines by up to 10%; loss of 1% for every 1% index decline beyond 10%
Initial level:4,071.63
Buffer level:3,664.47, 90% of initial levels
Pricing date:April 25, 2023
Settlement date:April 28, 2023
Agent:BofA Securities, Inc.
Fees:2.175%
Cusip:09709VQK5

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