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Published on 3/28/2024 in the Prospect News Structured Products Daily.

New Issue: BofA prices $3.52 million leveraged buffered index-linked notes tied to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 28 – BofA Finance LLC priced $3.52 million of 0% leveraged buffered index-linked notes due Nov. 14, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index return is positive, the payout will be par plus 250% of the gain, subject to a maximum return of par plus 21.025%.

If the index finishes flat or declines by no more than 15%, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% decline of the index beyond 15%.

BofA Securities, Inc. is the agent. iCapital Markets LLC is the dealer.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Leveraged buffered index-linked notes
Underlying index:MSCI EAFE index
Amount:$3,523,000
Maturity:Nov. 14, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 250% of the gain, capped at par plus 21.025%; if the index declines up to 15%, par; otherwise, 1.17647% loss for every 1% decline beyond 15%
Initial level:2,351.57
Buffer level:85% of initial level
Pricing date:March 22
Settlement date:April 1
Agent:BofA Securities, Inc.
Dealer:iCapital Markets LLC
Fees:None
Cusip:09711BEE2

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