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BofA Finance plans to price barrier notes linked to S&P 500, Dow
By Sarah Lizee
Olympia, Wash., Feb. 7 – BofA Finance LLC plans to price 0% barrier notes due Feb. 29, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 132.5% to 137.5% of the return of that index.
Investors will receive par if either index declines by up to 50% and will lose 1% for each 1% decline of the lesser-performing index from its initial level if it declines by more than 50%.
BofA Merrill Lynch is the agent.
The notes are expected to price Feb. 25.
The Cusip number is 09709TMD0.
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