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Published on 10/24/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $45.35 million fixed-income issuer callable yield notes on indexes

Chicago, Oct. 24 – BofA Finance LLC priced $45.35 million of fixed-income issuer callable yield notes due Oct. 23, 2024 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10%, paid monthly.

The securities may be called at par starting after six months on any monthly call date.

If all three indexes finish above their 70% threshold value, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the worst performer.

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:Fixed-income issuer callable yield notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:$45,346,000
Maturity:Oct. 23, 2024
Coupon:10% annual rate, paid monthly
Price:Par
Payout at maturity:Par if all three indexes close above threshold values; otherwise, full exposure to losses of worst performer
Call:At par starting after six months on any monthly call date
Initial levels:14,909.26 for Nasdaq, 1,728.809 for Russell, 4,314.60 for S&P
Downside thresholds:10,436.48 for Nasdaq, 1,210.166 for Russell, 3,020.22 for S&P, 70% of initial levels
Pricing date:Oct. 18
Settlement date:Oct. 23
Agent:BofA Securities, Inc.
Fees:0.25%
Cusip:09711AQY7

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