New Issue: BofA sells $526,000 enhanced return notes on indexes, ETF

By Kiku Steinfeld

Chicago, Sept. 5 – BofA Finance LLC priced $526,000 of 0% enhanced return notes due March 2, 2028 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Technology 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 all assets gain, the payout at maturity will be par plus 1.82 times the gain of the worst performer.

If any asset declines by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Enhanced return notes
Underlying assets:	S&P 500 index, Russell 2000 index and Technology Select Sector SPDR fund
Amount:	$526,000
Maturity:	March 2, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.82 times any gain of least performing asset; if any asset declines by up to 30%, par; otherwise, investors will lose 1% for every 1% the worst performing asset declines from its initial level
Initial levels:	$136.52 for fund, 3,970.15 for S&P, 1,896.991 for Russell
Threshold levels:	$95.56 for fund, 2,779.11 for S&P, 1,327.894 for Russell, 70% of initial levels
Pricing date:	Feb. 28, 2023
Settlement date:	March 3, 2023
Selling agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709VJA5

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