New Issue: BofA Finance sells $350,000 buffered digital return notes on S&P 500

By Kiku Steinfeld

Chicago, Aug. 28 – BofA Finance LLC priced $350,000 of 0% buffered digital return notes due April 2, 2024 linked to 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 payout at maturity will be par plus 8.5% if the index finishes at or above its initial level.

If the index falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Buffered digital return notes
Underlying index:	S&P 500
Amount:	$350,000
Maturity:	April 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.5% if index finishes at or above initial level; par if declines by up to 15%; loss of 1% for every 1% index decline beyond 15%
Initial level:	3,982.24
Threshold level:	3,384.90, 85% of initial levels
Pricing date:	Feb. 27, 2023
Settlement date:	March 2, 2023
Agent:	BofA Securities, Inc.
Fees:	0.75%
Cusip:	09709VHT6

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