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Published on 11/20/2023 in the Prospect News Structured Products Daily.

New Issue: BofA prices $710,000 digital return notes linked to Dow, Russell, S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 20 – BofA Finance LLC priced $710,000 of 0% digital return notes due July 5, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing index’s final level is greater than or equal to its threshold level, 65% of its initial level, the payout at maturity will be par plus 8.5%. Otherwise, investors will lose 1% for every 1% that the least performing index declines from its initial level.

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:Digital return notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$710,000
Maturity:July 5, 2024
Coupon:0%
Price:Par
Payout at maturity:If least performing index’s final level is greater than or equal to threshold level, par plus 8.5%; otherwise, 1% loss for every 1% that least performing index declines from initial level
Initial levels:32,859.03 for Dow, 1,768.383 for Russell and 4,050.83 for S&P
Barrier levels:21,358.37 for Dow, 1,149.449 for Russell and 2,633.04 for S&P, or 65% of initial levels
Pricing date:March 30
Settlement date:April 4
Agent:BofA Securities, Inc.
Fees:1.5%
Cusip:09709VKJ4

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