New Issue: BofA sells $7.07 million market-linked notes on commodities basket

By Wendy Van Sickle

Columbus, Ohio, June 2 – BofA Finance LLC priced $7.07 million of 0% market-linked notes due Oct. 2, 2024 linked to a weighted basket of commodities and commodity futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the West Texas Intermediate light sweet crude oil futures, Brent crude oil futures, natural gas futures, corn futures, soybeans futures, wheat futures, the grade A copper spot price and the special high-grade zinc spot price, each with a 12.5% weight.

The payout at maturity will be par plus any basket gain. Otherwise, investors will receive par.

BofA Securities, Inc. and UBS Financial Services Inc. are the underwriters.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Market-linked notes
Underlying basket:	West Texas Intermediate light sweet crude oil futures, Brent crude oil futures, natural gas futures, corn futures, soybeans futures, wheat futures, grade A copper spot price and special high-grade zinc spot price, each with a 12.5% weight
Amount:	$7,066,000
Maturity:	Oct. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; otherwise, par
Initial level:	$110.33 for WTI, $114.03 for Brent crude, $8.971 for natural gas, 772.25 cents for corn, 1,681 cents for soybeans, 1,148.25 cents for wheat, $9,287.00 for copper and $3,750.00 for zinc
Pricing date:	May 25
Settlement date:	May 31
Underwriters:	BofA Securities, Inc. and UBS Financial Services Inc
Fees:	1.5%
Cusip:	09709T6P1

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