BofA to price contingent income autocallable yield notes on stocks

By Sarah Lizee

Olympia, Wash., Nov. 4 – BofA Finance LLC plans to price contingent income autocallable yield notes due Nov. 11, 2022 linked to the worst performing of the common stocks of Amazon.com, Inc., Apple Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 12.25% if each stock closes at or above its 60% coupon barrier on the related determination date.

The notes will be automatically redeemed at par if each stock closes above its initial value on any quarterly call observation date after six months.

The payout at maturity will be par plus the coupon if all three stocks close above their 60% trigger values.

Otherwise, investors will be fully exposed to any losses of the worst performing stock.

The notes will be guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

The notes will price on Nov. 8.

The Cusip number is 09709TWX5.

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