New Issue: BofA Finance sells $5.01 million digital return notes on S&P, Russell

By William Gullotti

Buffalo, N.Y., March 28 – BofA Finance LLC priced $5.01 million of 0% digital return notes due June 3, 2022 linked to the least performing of the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be $1,063.50 per note if each index finishes at or above 70% of its starting value.

Otherwise, investors will lose 1% for every 1% decline of the lesser-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:	S&P 500 and Russell 2000 index
Amount:	$5,011,000
Maturity:	June 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	$1,063.50 per note if each index finishes above threshold level; otherwise, loss of 1% for every 1% decline of lesser-performing index from initial level
Initial levels:	4,183.18 for S&P, 2,304.158 for Russell
Threshold level:	2,928.23 for S&P, 1,612.911 for Russell; 70% of initial levels
Pricing date:	April 28, 2021
Settlement date:	May 3, 2021
Selling agent:	BofA Securities, Inc.
Fees:	None
Cusip:	09709UGX0

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