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Published on 9/14/2022 in the Prospect News Structured Products Daily.

New Issue: BofA prices $1.89 million dual directional buffered notes on Dow Jones, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – BofA Finance LLC priced $1.89 million of 0% dual directional buffered notes due Sept. 12, 2024 linked to the least performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 105.5% of any gain in the least-performing index.

If the least-performing index falls by up to 15%, the payout will be par plus the absolute value of the return of that index.

Otherwise, investors will lose 1% for every 1% decline of the least-performing index beyond 15%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Dual directional buffered notes
Underlying indexes:Nasdaq-100 index, Dow Jones industrial average
Amount:$1.89 million
Maturity:Sept. 12, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 105.5% of any gain in least-performing index; if least-performing index falls by up to 15%, par plus absolute value of return of that index; otherwise, 1% loss for each 1% decline of the worst performer below buffer level
Initial levels:12,588.29 for Nasdaq, 32,151.71 for Dow Jones
Buffer levels:10,700.05 for Nasdaq, 27,328.95 for Dow Jones; 85% of initial levels
Pricing date:Sept. 9
Settlement date:Sept. 14
Selling agent:BofA Securities, Inc.
Fees:0.75%
Cusip:09709U6M5

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