BofA Finance plans contingent income callable notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Sept. 23 – BofA Finance LLC plans to price contingent income issuer callable yield notes due Oct. 2, 2024 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8.1% per year if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any index finishes below its threshold value, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

From April 1, 2020 to July 2, 2024, the notes will be callable at par on any interest payment date.

The notes will be guaranteed by Bank of America Corp.

BofA Securities Inc. is the agent.

The notes will price Sept. 27.

The Cusip number is 09709TVL2.

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