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Published on 11/1/2021 in the Prospect News Structured Products Daily.

New Issue: BofA prices $15.07 million accelerated return notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – BofA Finance LLC priced $15.07 million of 0% Accelerated Return Notes due Dec. 23, 2022 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a weight of 30% and the Russell 2000 index with a weight of 10%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 12.15%. Investors will be exposed to any basket decline.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:S&P 500 (60% weight), Euro Stoxx 50 (30% weight), Russell 2000 index (10% weight)
Amount:$15,066,400
Maturity:Dec. 23, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any basket gain, up to a maximum return of 12.15%; investors will be exposed to any basket decline
Initial index levels:4,596.42 for S&P, 4,233.87 for Stoxx, 2,297.979 for Russell
Final level:Average of index’s closing levels on five trading days ending Dec. 20, 2022
Pricing date:Oct. 28
Settlement date:Nov. 4
Underwriter:BofA Securities, Inc.
Fees:1.75%
Cusip:09710D798

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