BofA to price contingent income autocallable yield notes on indexes

By Sarah Lizee

Olympia, Wash., June 17 – BofA Finance LLC plans to price contingent income autocallable yield notes due June 23, 2021 linked to the worst performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the VanEck Vectors Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.25% if each underlying ETF closes at or above its 60% coupon barrier on the observation date for that period.

The notes will be called at par if each ETF closes at or above its initial level on any determination date.

The payout at maturity will be par unless either underlying ETF finishes below its 60% threshold level, in which case investors will be fully exposed to any losses of the worst performing ETF.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price on June 18.

The Cusip number is 09709TRZ6.

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