New Issue: BofA sells $24.21 million capped notes with absolute return buffer on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – BofA Finance LLC priced $24.21 million of 0% capped notes with absolute return buffer due Oct. 27, 2023 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 of $10 plus any index gain, capped at par plus 10%.

If the index finishes flat or falls by up to 11.75%, investors will receive par plus the absolute value of the index return.

Investors will be exposed to any losses beyond 11.75%.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped notes with absolute return buffer
Underlying index:	S&P 500
Amount:	$24,208,910
Maturity:	Oct. 27, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at 10%; if index falls by up to 11.75%, par plus absolute value of index return; exposure to any losses beyond 11.75%
Initial value:	4,596.42
Threshold value:	4,056.34, 88.25% of initial value
Final value:	Average of index’s closing levels on five trading days ending Oct. 24, 2023
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	09710D723

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