BofA Finance plans to price autocallable enhanced return notes on Dow, S&P

By Emma Trincal

New York, June 6 – BofA Finance LLC plans to price 0% autocallable enhanced return notes due July 6, 2026 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The notes will be called at par plus a 10% call premium if each index closes at or above 95% of its initial level on July 2, 2024.

If the notes are not called and the least-performing index finishes at or above its initial level, the payout at maturity will be par plus three times the index return.

If the least-performing index finishes negative but at or above its 70% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the least-performing index from its initial level.

BofA Securities, Inc. is the selling agent.

The notes are expected to price on June 30 and to settle on July 6.

The Cusip number is 09709VZG4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.