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Published on 2/12/2024 in the Prospect News Structured Products Daily.

New Issue: BofA prices $4.54 million buffered enhanced return notes on S&P 500 Futures Excess Return

By Wendy Van Sickle

Columbus, Ohio, Feb. 12 – BofA Finance LLC priced $4.54 million of 0% buffered enhanced return notes due Feb. 9, 2029 linked to the S&P 500 Futures Excess Return 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 187% of the index return. The payout will be par if the index falls by up to 20%. Otherwise, investors will have exposure to losses beyond 20%.

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:Buffered enhanced return notes
Underlying index:S&P 500 Futures Excess Return index
Amount:$4,541,000
Maturity:Feb. 9, 2029
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than initial index level, par plus 187% of index return; par if index falls by up to 20%; otherwise, exposure to losses beyond 20%
Initial level:440.12
Threshold level:352.1, 80% of initial level
Pricing date:Feb. 7
Settlement date:Feb. 12
Agent:BofA Securities, Inc.
Fees:0.5%
Cusip:09710PVB9

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