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Published on 7/16/2021 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $4.81 million capped notes linked to the Dow

By William Gullotti

Buffalo, N.Y., July 16 – BofA Finance LLC priced $4.81 million of 0% capped notes due May 29, 2026 linked to the Dow Jones industrial average, 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 any index gain, capped at 42%.

If the index finishes flat or falls by up to 15%, the payout will be par.

Investors will lose 1% for every 1%index decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped notes
Underlying index:Dow Jones industrial average
Amount:$4,810,300
Maturity:May 29, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus any index gain, capped at 42%; if index finishes flat or falls by up to 15%, par; otherwise, 1% loss for every 1%index decline beyond 15%
Initial value:34,464.64
Threshold value:29,294.94, 85% of initial value
Final value:Average of closing levels of index on each of the five trading days ending May 26, 2026
Pricing date:May 27
Settlement date:June 4
Agent:BofA Securities, Inc.
Fees:2.5%
Cusip:09710D384

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