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BofA to price trigger bearish autocallable notes tied to Russell 2000
By Sarah Lizee
Olympia, Wash., June 18 – BofA Finance LLC plans to price 0% trigger bearish autocallable notes due June 25, 2021 based on the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par plus a 15% to 20% annualized premium if the index closes below its initial level on a monthly observation date after three months.
If the final index level is greater than the barrier value, 115% of the initial level, the payout at maturity will be par minus 1% for every 1% gain of the index from its initial level.
Otherwise, the payout will be par.
The notes are guaranteed by Bank of America Corp.
UBS Financial Services Inc. and BofA Securities are the agents.
The notes will price on June 19.
The Cusip number is 05591G637.
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