BofA plans contingent income autocallables linked to S&P GSCI Crude

By Susanna Moon

Chicago, April 11 – BofA Finance LLC plans to price contingent income autocallable securities due April 28, 2020 linked to the S&P GSCI Crude Oil Index – Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 10% if the fund closes at or above the 80% coupon barrier on a determination date for that month.

The notes will be called at par of $10 plus the contingent coupon if the fund closes at or above its initial level on any semiannual determination date.

The payout at maturity will be par plus the final contingent coupon unless the fund finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses.

BofA Merrill Lynch is the agent.

Bank of America Corp. is the guarantor.

The notes will price on April 25 and settle on April 28.

The Cusip number is 09709TAG6.

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