BofA Finance to price capped, floored notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Jan. 3 – BofA Finance LLC plans to price 0% notes due Feb. 3, 2022 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 be guaranteed by Bank of America Corp.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus that index’s return, subject to a maximum return that is expected to be at least 30% and will be set at pricing.

If the lesser-performing index’s return is negative, investors will lose 1% for every 1% that it declines from its initial level, subject to a minimum payout of $950 per $1,000 principal amount.

BofA Merrill Lynch is the agent.

The notes are expected to price Jan. 30.

The Cusip number is 09709TJH5.

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