BofA Finance to price Leveraged Index Return Notes linked to Dow

By Angela McDaniels

Tacoma, Wash., April 3 – BofA Finance LLC plans to price 0% Leveraged Index Return Notes due April 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

If the index return is positive, the payout at maturity will be par of $10 plus 105% to 125% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index may decline beyond 20%.

BofA Merrill Lynch is the underwriter.

The notes will price in April and settle in May.

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