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BofA plans to price contingent income autocallable yield notes on three stocks
By Emma Trincal
New York, June 2 – BofA Finance LLC plans to price contingent income autocallable yield notes due June 21, 2022 linked to the worst performing of the common stocks of Lowe’s Cos., Inc., PepsiCo, Inc. and Starbucks Corp., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 11% if each stock closes at or above its 60% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each stock closes above its initial value on any quarterly call observation date after six months.
The payout at maturity will be par plus the coupon if all three stocks finish above their 60% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the agent.
The notes will price on June 16 and settle on June 19.
The Cusip is 09709TF89.
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