New Issue: BofA Finance prices $500,000 digital return notes linked to index, ETFs

By Kiku Steinfeld

Chicago, Jan. 24 – BofA Finance LLC priced $500,000 of 0% digital return notes due July 10, 2024 linked to the performance of the Russell 2000 index, the SPDR S&P Bank ETF and the Real Estate Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the lowest performing index finishes at or above its 60% threshold level, the payout at maturity will be par plus 16%.

Otherwise, investors will be fully exposed to the decline of the lowest performing index from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital return notes
Underlying indexes:	Russell 2000 index, SPDR S&P Bank ETF and Real Estate Select Sector SPDR Fund
Amount:	$500,000
Maturity:	July 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 16% if lowest performing index finishes at or above threshold level; otherwise, loss of 1% for every 1% decline of lowest performing index from initial level
Initial levels:	1,767.940 for Russell, $34.78 for Bank, $36.05 for Real Estate
Threshold levels:	1,060.764 for Russell, $20.87 for Bank, $21.63 for Real Estate; 60% of initial levels
Pricing date:	June 5, 2023
Settlement date:	June 8, 2023
Selling agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09711A3M8

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