Bank of America plans contingent income autocallables linked to AMD

By Susanna Moon

Chicago, April 17 – BofA Finance LLC plans to price contingent income autocallable securities due April 24, 2019 linked to Advanced Micro Devices, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 5.625% if the stock closes at or above the downside threshold, 60% of the initial share price, on a determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial share price on any quarterly determination date.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below its 60% downside threshold, in which case investors will be fully exposed to any losses.

BofA Merrill Lynch is the agent.

The notes are guaranteed by Bank of America Corp.

The notes will price on April 19 and settle on April 24.

The Cusip number is 09709TAH4.

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