New Issue: BofA sells $547,000 capped buffered return enhanced notes on indexes

By Kiku Steinfeld

Chicago, July 10 – BofA Finance LLC priced $547,000 of 0% capped buffered return enhanced notes due May 16, 2024 linked to the least performing of the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 300% of the return of the worst performing index, capped at 23.5%. The payout will be par if the worst performing index declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the worst performing index declines beyond the 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:	Capped buffered return enhanced notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$547,000
Maturity:	May 16, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 300% of the return of the worst performing index, capped at 23.5%; par if worst performing index declines but by no more than 10% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:	4,090.46 for S&P, 33,869.27 for Dow, 1,918.814 for Russell
Buffer levels:	3,681.41 for S&P, 30,482.34 for Dow, 1,726.933 for Russell, 90% of initial levels
Pricing date:	Feb. 13, 2023
Settlement date:	Feb. 16, 2023
Agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09709VHG4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.