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Published on 8/3/2021 in the Prospect News Structured Products Daily.

New Issue: BofA prices $7.31 million market-linked one look notes on Gold Miners ETF

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – BofA Finance LLC priced $7.31 million of 0% market-linked one look notes due July 8, 2022 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the ETF finishes flat or gains, the payout at maturity will be par plus 21.4%. Otherwise, investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the underwriter.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp.
Issue:Market-linked one look notes
Underlying ETF:VanEck Vectors Gold Miners ETF
Principal amount:$7,308,590
Maturity:July 8, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 21.4% unless ETF finishes below its initial price, in which case full exposure to losses
Initial price:$35.07
Pricing date:July 29
Settlement date:Aug. 5
Underwriter:BofA Securities, Inc.
Fees:1.5%
Cusip:09710D491

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