New Issue: BofA sells $1.4 million enhanced return notes on S&P, Russell, Dow

By William Gullotti

Buffalo, N.Y., April 4 – BofA Finance LLC priced $1.4 million of 0% enhanced return notes due May 5, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If all indexes gain, the payout at maturity will be par plus 1.6 times the index gain of the worst performer.

If the worst performing index declines but not more than 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing index declines from its initial level.

BofA Securities, Inc. is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Enhanced return notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Dow Jones industrial average
Amount:	$1,400,000
Maturity:	May 5, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any index gain of least performing index; if any index declines buy not beyond the threshold level, par; otherwise, investors will lose 1% for every 1% the least performing index declines from its initial level
Initial levels:	33,874.85 for Dow, 4,181.17 for S&P, 2,266.449 for Russell
Threshold levels:	23,712.4 for Dow, 2,926.82 for S&P, 1,586.514 for Russell; 70% of initial levels
Pricing date:	April 30, 2021
Settlement date:	May 5, 2021
Agent:	BofA Securities, Inc.
Fees:	1%
Cusip:	09709UHN1

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