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Published on 5/10/2023 in the Prospect News Structured Products Daily.

New Issue: BofA Finance prices $1.69 million digital return notes linked to S&P, Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., May 10 – BofA Finance LLC priced $1.69 million of 0% digital return notes due June 10, 2024 linked to the performance of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, 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 70% threshold level, the payout at maturity will be par plus 12.75%.

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, S&P 500 index, Nasdaq-100 index
Amount:$1,688,000
Maturity:June 10, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 12.75% 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:4,136.25 for S&P, 13,259.13 for Nasdaq, 1,759.879 for Russell
Threshold levels:2,895.38 for S&P, 9,281.39 for Nasdaq, 1,231.915 for Russell; 70% of initial levels
Pricing date:May 5
Settlement date:May 10
Selling agent:BofA Securities, Inc.
Fees:0.5%
Cusip:09709VVG8

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