New Issue: BofA prices $275,000 buffered autocallable notes on S&P 500

By Kiku Steinfeld

Chicago, Aug. 7 – BofA Finance LLC priced $275,000 of 0% buffered autocallable notes due Feb. 28, 2028 linked to the lesser performing of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The notes will be called at par plus 6.5% per year if the index closes at or above its initial level on any annual call date.

If the notes are not called, the payout at maturity will be par plus 32.5% if the index finishes at or above its initial level. If the index declines but finishes at or above its buffer level, 85% of its initial level, investors will lose 1% for each 1% decline beyond 15%.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Buffered autocallable notes
Underlier:	S&P 500 index
Amount:	$275,000
Maturity:	Feb. 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 32.5% if the index finishes at or above initial level; if index declines but finishes at or above buffer level, par; otherwise, 1% loss for each 1% decline beyond 15%
Call:	At par plus 6.5% per year if the index closes at or above its initial level on any annual call date
Initial level:	4,067.36
Buffer level:	3,660.62; 85% of initial level
Pricing date:	Feb. 23, 2023
Settlement date:	Feb. 28, 2023
Selling agent:	BofA Securities, Inc.
Fees:	3.75%
Cusip:	09709VGZ3

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