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

New Issue: BofA sells $7.71 million Leveraged Index Return Notes on commodity basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – BofA Finance LLC priced $7.71 million of 0% Leveraged Index Return Notes due Jan. 26, 2024 linked to an equally weighted basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are West Texas Intermediate crude oil, the spot price of copper and the spot price of silver.

The payout at maturity will be par plus 1.319 times any basket gain.

Investors will be fully exposed to any basket decline.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

Issuer:BofA Finance LLC
Guarantor:Bank of America Corp
Issue:Leveraged index return notes
Underlying commodities:West Texas Intermediate crude oil, copper spot price and silver spot price, equal weights
Amount:$7,714,400
Maturity:Jan. 26, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 131.9% of any basket gain; full exposure to any basket decline
Initial index levels:$73.62 for crude, $9,781.00 for copper, $2,545.00 for sliver
Pricing date:July 29
Settlement date:Aug. 5
Agent:BofA Securities, Inc.
Fees:2%
Cusip:09710D475

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