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BofA plans contingent income autocallable notes on Euro Stoxx Banks
By Sarah Lizee
Olympia, Wash., Oct. 15 – BofA Finance LLC plans to price contingent income autocallable securities due April 21, 2026 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7.5% if the index closes at or above its 70% coupon threshold on the observation date for that month.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any call valuation date after one year.
The payout at maturity will be par unless the index finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch is the selling agent.
The notes will price on Oct. 16.
The Cusip number is 09709TLW9.
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