New Issue: BofA sells $1.45 million capped buffered return notes on S&P 500

By William Gullotti

Buffalo, N.Y., June 29 – BofA Finance LLC priced $1.45 million of capped buffered return notes due Dec. 29, 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.

If the index finishes above its initial value, the payout at maturity will be par plus the return of the index, subject to a maximum payout of par plus 16%.

If the index finishes flat or declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond the 20% buffer.

The selling agent is BofA Securities, Inc.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped buffered return notes
Underlying:	S&P 500 index
Amount:	$1,451,000
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the return of the index, capped at 16%; par if the index finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% drop below 20%
Initial value:	3,795.73
Buffer level:	3,036.58; 80% of initial level
Pricing date:	June 23
Settlement date:	June 28
Selling agent:	BofA Securities, Inc.
Fees:	0.9%
Cusip:	09709U2V9

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