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BofA Finance plans 30- to 33-month digital notes tied to index basket
By Marisa Wong
Morgantown, W.Va., Jan. 31 – BofA Finance LLC plans to price 0% digital notes linked to a basket of indexes with a term of 30 to 33 months, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,334.40 to $1,393.20 per $1,000 principal amount, and par plus the basket return.
Investors will be fully exposed to losses.
BofA Merrill Lynch is the agent.
The Cusip number is 09709TCX7.
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