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BofA plans to price leveraged buffered notes linked to index basket
By Sarah Lizee
Olympia, Wash., June 13 – BofA Finance LLC plans to price 0% leveraged buffered notes due in between 16 and 18 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are 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 19% weight, the Swiss Market index with a10% 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 1.6 times the basket return, subject to a maximum settlement amount of between $1,510.72 and $1,599.20 for each $1,000 principal amount of notes.
Investors will receive par if the basket declines by 10% or less.
If the basket declines by more than 10%, investors will lose 1% for each 1.1111% decline beyond 10%.
BofA Merrill Lynch is the agent.
The Cusip number is 09709TRP8.
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