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Published on 6/20/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $50,000 capped enhanced return notes linked to three indexes

Chicago, June 20 – BofA Finance LLC priced $50,000 of 0% capped enhanced return notes due June 3, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and 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 each index return is positive, the payout at maturity will be par plus 175% of the least performing index return, subject to a maximum payout of par plus 64%.

Investors will receive par if the least performing index declines by 30% or less. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped enhanced return notes
Underlying indexes:S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:$50,000
Maturity:June 3, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index return is positive, par plus 175% of least performing index return, capped at par plus 64%; par if least performing index declines by 30% or less; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:4,179.83 for S&P, 1,749.65 for Russell, 14,254.09 for Nasdaq
Threshold levels:2,925.88 for S&P, 1,224.755 for Russell, 9,977.86 for Nasdaq; 70% of initial levels
Pricing date:May 31
Settlement date:June 5
Selling agent:BofA Securities, Inc.
Fees:0.85%
Cusip:09709VUQ7

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