BofA Finance to price digital barrier notes linked to S&P 500, Dow

By Angela McDaniels

Tacoma, Wash., Jan. 3 – BofA Finance LLC plans to price 0% digital barrier notes due March 4, 2020 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

If the final level of the lesser-performing index is greater than or equal to its threshold value, 80% of its initial level, the payout at maturity will be par plus the digital return, which is expected to be at least 8.75% and will be set at pricing.

If the final level of the lesser-performing index is less than its threshold level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

BofA Merrill Lynch is the agent.

The notes are expected to price Jan. 30.

The Cusip number is 09709THV6.

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