BofA plans 10-year contingent income callables tied to three indexes

By Susanna Moon

Chicago, Oct. 16 – BofA Finance LLC plans to price contingent income callable securities due Oct. 29, 2027 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above its 62.5% coupon barrier on the determination date for that quarter.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par plus the final contingent coupon unless any index finishes below its 62.5% threshold, in which case investors will be fully exposed to any losses of the worst performing index.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price on Oct. 26.

The Cusip number is 09709TBK6.

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