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Published on 12/14/2021 in the Prospect News Structured Products Daily.

New Issue: BofA sells $500,000 capped return notes on banking ETF

Chicago, Dec. 14 – BofA Finance LLC priced $500,000 of 0% capped return notes due April 7, 2026 linked to the SPDR S&P Regional Banking ETF, 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 any ETF gain, capped at $3,000 per $1,000 note.

If the ETF falls by up to 25%, the payout will be par. Investors will be fully exposed to any losses of the fund

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Capped return notes
Underlying ETF:SPDR S&P Regional Banking ETF
Amount:$500,000
Maturity:April 7, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus any ETF gain, capped at $3,000 per $1,000 note; par if ETF falls by up to 25%; full exposure to losses if fund declines beyond threshold level
Initial value:$66.82
Threshold level:$50.12, 75% of initial value
Pricing date:April 1
Settlement date:April 7
Agent:BofA Securities, Inc.
Fees:1.125%
Cusip:09709UFV5

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