BofA plans contingent income autocallable yield notes on index, ETF

By Sarah Lizee

Olympia, Wash., Nov. 8 – BofA Finance LLC plans to price contingent income autocallable yield notes due Nov. 16, 2022 linked to the worst performing of the Russell 2000 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% if each underlying asset closes at or above its 75% coupon barrier on the observation date for that period.

The notes will be called at par if each asset closes at or above its initial level on any determination date after one year.

The payout at maturity will be par unless either underlying asset finishes below its 60% threshold level, in which case investors will be fully exposed to any losses of the worst performing asset.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

The notes will price on Nov. 11.

The Cusip number is 09709TXE6.

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