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BofA Finance plans leveraged buffered notes linked to index basket
By Sarah Lizee
Olympia, Wash., Jan. 11 – BofA Finance LLC plans to price 16- to 19-month 0% leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Bank of America Corp.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.8 times the basket return, subject to a maximum settlement amount that is expected to be $1,329.22 to $1,386.10 per $1,000 principal amount of notes and will be set at pricing.
If the basket declines by 15% or less, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% that the basket declines beyond 15%.
BofA Merrill Lynch is the agent.
The Cusip number is 09709TKH3.
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