BofA plans to price enhanced return notes due 2020 tied to S&P 500

By Sarah Lizee

Olympia, Wash., June 11 – BofA Finance LLC plans to price 0% enhanced return notes due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 13.8%.

Investors will receive par if the index declines by up to 10% and will lose 1% for each 1% decline beyond the buffer.

BofA Merrill Lynch is the agent.

The notes will price on June 25.

The Cusip number is 09709TRY9.

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