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Published on 6/28/2022 in the Prospect News Structured Products Daily.

New Issue: BofA prices $1.57 million capped Leveraged Index Return Notes on MSCI index

By William Gullotti

Buffalo, N.Y., June 28 – BofA Finance LLC priced $1.57 million of 0% capped Leveraged Index Return Notes due June 28, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par of 200% of any index gain, subject to a maximum payout of par plus 28.1%.

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

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:MSCI Emerging Markets index
Amount:$1,572,630
Maturity:June 28, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at par plus 28.1%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond 10%
Initial level:995.34
Threshold level:895.81; 90% of initial level
Pricing date:June 23
Settlement date:June 30
Agent:BofA Securities, Inc.
Fees:2%
Cusip:09710F645

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