BofA Finance plans to price notes due 2023 linked to Stoxx

By Sarah Lizee

Olympia, Wash., July 18 – BofA Finance LLC plans to price 0% notes due Jan. 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

If the index return is positive, the payout at maturity will be par plus 1 to 1.1 times the index return.

Investors will lose 1% for every 1% decline of the index, subject to a minimum payout of 95% of par.

BofA Securities, Inc. is the agent.

The notes will price on July 26.

The Cusip number is 09709TTW1.

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