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BofA to price leveraged notes with currency conversion on S&P/TSX 60
By Marisa Wong
Morgantown, W.Va., May 29 – BofA Finance LLC plans to price 0% 18- to 21- month leveraged notes linked to the performance of the U.S. dollar value of the S&P/TSX 60 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, capped at $1,195.30 to $1,229.50 for each $1,000 of notes.
If the index return is zero or positive, the payout will be par plus the index return with full exposure to losses.
The U.S. dollar value of the index will be determined by multiplying the index closing level by the U.S. dollar/Canadian dollar exchange rate on the relevant day.
BofA Merrill Lynch is the agent.
The Cusip number is 09709TER8.
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