BofA eyes autocallable notes on S&P 500 Low Volatility High Dividend

By Sarah Lizee

Olympia, Wash., April 8 – BofA Finance LLC plans to price autocallable notes due Oct. 29, 2026 linked to the S&P 500 Low Volatility High Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 5% to 5.5% per year if the index closes at or above its call level on any annual call valuation date after one year. The call level will be 102.75% for the first observation date and step up by 275 basis points each year.

The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing.

If the index stays flat or declines, the payout will be par.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the selling agent.

The notes will price on April 26.

The Cusip number is 09709TPS4.

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