BofA Finance to price contingent income autocalls on two stocks

By Sarah Lizee

Olympia, Wash., April 23 – BofA Finance LLC plans to price contingent income autocallable notes due May 5, 2022 linked to the worst performing of the common stocks of Twilio Inc. and Splunk Inc., according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 20.5% if each asset closes at or above its 60% threshold on the quarterly determination date.

The notes will be automatically redeemed at par if each asset closes above 90% of its initial value on any observation date beginning in August.

The payout at maturity will be par plus the coupon if both assets close above their 60% threshold values.

Otherwise, investors will be fully exposed to any losses of the worst performing asset.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes are expected to price on April 30.

The Cusip number is 09709TQD6.

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