BofA to sell contingent income autocalls on Stoxx Banks, oil fund

By Wendy Van Sickle

Columbus, Ohio, March 22 – BofA Finance LLC plans to sell contingent income autocallable buffered notes due Sept. 28, 2026 linked to the least performing of the Euro Stoxx Banks Price index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.7501% if each underlying asset closes at or above its 70% threshold value on the observation date for that month.

The notes will be called at par plus the coupon if each underlying component closes at or above its initial level on any observation date after one year.

The payout at maturity will be par plus the final coupon unless either asset finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the least performing fund beyond the 30% downside threshold.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price March 26 and settle March 29.

The Cusip number is 09709TPK1.

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