New Issue: BofA prices $3.23 million buffered enhanced return notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 27 – BofA Finance LLC priced $3.23 million of 0% buffered enhanced return securities due Feb. 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, capped at par plus 23%. Investors will receive par if the index declines by 15% or less and will lose 1.17647% for every 1% that it may decline beyond 15%.

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 securities
Underlying index:	S&P 500
Amount:	$3,232,000
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index’s final level is greater than initial level, par plus 300% of index return, capped at par plus 23%; par if index declines by 15% or less; 1.17647% loss for every 1% that index may decline beyond 15%
Initial level:	3,329.62
Buffer level:	2,830.18, or 85% of initial level
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09709TZF1

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