BofA plans to price contingent income callable notes on indexes, fund

By Devika Patel

Knoxville, Tenn., Oct. 30 – BofA Finance LLC plans to price contingent income issuer callable notes due Nov. 3, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

Each quarter, the notes will pay a contingent coupon at an annual rate of 7.15% if each underlying aaset closes at or above its threshold level, 60% of its initial index level, on the determination date for that quarter.

The notes are callable at par plus any coupon on any quarterly determination date starting on Nov. 5, 2019 and ending on Aug. 5, 2022.

If each underlying asset finishes at or above its 60% threshold level, the payout at maturity will be par plus the final contingent coupon. If the final level of any underlying asset is less than its threshold level, investors will lose 1% for each 1% decline of the least-performing underlying asset from its initial level.

BofA Merrill Lynch is the agent.

The notes (Cusip: 09709TJK8) will price on Oct. 31 and settle Nov. 5.

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