New Issue: BofA prices $115,000 capped buffered enhanced return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 5 – BofA Finance LLC priced $115,000 of 0% capped buffered enhanced return notes due Nov. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 18%. If the index declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Capped buffered enhanced return notes
Underlying index:	S&P 500 index
Amount:	$115,000
Maturity:	Nov. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 150% of index return, subject to maximum return of 18%; if index declines by 10% or less, par; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	4,169.48
Buffer level:	90% of initial level
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	BofA Securities, Inc.
Fees:	0.675%
Cusip:	09709VR65

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