BofA reports plans to sell notes tied to five equally weighted stocks

By Devika Patel

Knoxville, Tenn., Jan. 31 – BofA Finance LLC plans to price notes due February 2018 linked to a basket of five equally weighted common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The basket includes the common stocks Amazon.com, Inc., Steel Dynamics, Inc., General Dynamics Corp., JPMorgan Chase & Co. and Frontier Communications Corp.

If the final basket value is greater than the initial value, the payout at maturity will be par of $10 plus the conditional payment, which is expected to fall between 15% and 19% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the final basket value is less than the initial basket value.

BofA Merrill Lynch is the agent.

The notes will price and settle in February.

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