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Published on 9/13/2022 in the Prospect News Structured Products Daily.

New Issue: BofA Finance sells $2.07 million capped enhanced return notes on S&P

Chicago, Sept. 13 – BofA Finance, LLC priced $2.07 million of 0% capped enhanced return notes due Sept. 7, 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 final level of the index is greater than the initial level, the payout at maturity will be par plus three times the return, up to the maximum payout of $1,175 per $1,000 note.

Otherwise, investors will be fully exposed to the losses of the index.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance, LLC
Guarantor:Bank of America Corp.
Issue:Capped enhanced return notes
Underlying index:S&P 500
Amount:$2,068,500
Maturity:Sept. 7, 2023
Coupon:0%
Price:Par
Payout at maturity:If the index finishes above its initial level, the payout will be par plus three times the return capped at $1,175 per $1,000 note; otherwise, full exposure to losses of index
Initial index level:4,057.66
Pricing date:Aug. 26
Settlement date:Aug. 31
Selling agent:BofA Securities, Inc.
Fees:1.75%
Cusip:09710G221

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