BofA to price contingent income autocallables tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 6 – BofA Finance LLC plans to price contingent income autocallable securities due May 29, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 5.7504% if each index closes at or above its 80% coupon threshold on the observation date for that period.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any call valuation date after one year.

The payout at maturity will be par unless either index finishes below its 80% downside threshold, in which case investors will lose 1% for every 1% decline of the lesser performing index beyond 20%.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the underwriter.

The notes will price on Nov. 27.

The Cusip number is 09709TKF7.

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