New Issue: BofA Finance sells $1 million digital barrier notes tied to crude oil index, copper

By Marisa Wong

Morgantown, W.Va., June 22 – BofA Finance LLC priced $1 million of 0% digital barrier notes due June 28, 2018 linked to the least performing of the S&P GSCI Crude Oil Index-Excess Return and the copper spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the final value of the least performing underlying is greater than or equal to its threshold value, 70% of the initial value, the payout at maturity will be par plus a digital return of 10.65%.

Otherwise, the payout will be par plus the return of the least performing underlying, with full exposure to losses.

BofA Merrill Lynch is the agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Digital barrier notes
Underlyings:	S&P GSCI Crude Oil Index-Excess Return, copper spot sprice
Amount:	$1 million
Maturity:	June 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the final value of the least performing underlying is greater than or equal to its threshold value, par plus 10.65%; otherwise, full exposure to losses
Initial values:	135.4428 for index, $5,637 for spot price (closing levels on June 15)
Threshold values:	94.8100 for index and $3,945.90 for spot price; 70% of initial values
Pricing date:	June 19
Settlement date:	June 22
Agent:	BofA Merrill Lynch
Fees:	1.5%
Cusip:	09709TAP6

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