Yep, I replaced 2 of the pieces on my front bumper, and 2 on my trunk lid when they were damaged, and it costs about that. Maybe a little less $400ish. But they matched my existing stock stripes so I didn't have to replace the whole thing.
It's honestly criminal how much factory stripes are. When had to replace my hood and front bumper cover, I pulled the rest of the stripes off. Nearly $1K for stripes or remove rest of them for free.