BofA plans to price Capped Leveraged Index Return Notes on S&P

By Sarah Lizee

Olympia, Wash., July 17 – BofA Finance LLC plans to price 0% Capped Leveraged Index Return Notes with absolute return buffer due July 2024 linked to S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus 115% of any index gain, capped at par plus 45% to 55%.

If the index falls by up to 20%, the payout will be par plus the absolute value of the return of the index.

Investors will lose 1% for each 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

The notes will price in July.

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