New Issue: BofA sells $350,000 fixed income buffered issuer callable notes on two indexes

By Kiku Steinfeld

Chicago, Dec. 4 – BofA Finance LLC priced $350,000 of 7.5% fixed income buffered issuer callable yield notes due April 23, 2026 linked to the performance of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid quarterly.

The notes are callable at par plus a fixed coupon on any quarterly determination date after six months.

The payout at maturity will be par plus the final coupon unless the worst performing index finishes below its 85% buffer level, in which case investors will lose 1% for each 1% decline of the worst performer beyond the 15% buffer.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Fixed income buffered issuer callable yield notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$350,000
Maturity:	April 23, 2026
Coupon:	7.5% annualized, payable quarterly
Price:	Par
Payout at maturity:	If each index finishes at or above buffer level, par plus final coupon; otherwise, 1% loss for each 1% decline of worst performer beyond 15%
Call option:	At par plus the fixed coupon on any quarterly determination date after six months
Initial levels:	1,789.697 for Russell, 4,129.79 for S&P
Buffer levels:	1,521.242 for Russell, 3,510.32 for S&P; 85% of initial levels
Pricing date:	April 20, 2023
Settlement date:	April 25, 2023
Selling agent:	BofA Securities, Inc.
Fees:	0.5%
Cusip:	09709VRW8

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