BofA Finance to price leveraged buffered notes tied to S&P 500 index

By Sarah Lizee

Olympia, Wash., July 18 – BofA Finance LLC intends to sell 0% leveraged buffered notes due in 22 to 25 months linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The exact maturity will be set at pricing.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a cap that is expected to fall between $1,209.55 and $1,246.30 per $1,000 of notes and will be set at pricing.

Investors will receive par if the index declines by up to the 12.5% buffer and will lose between 1.14286% for every 1% decline beyond the buffer.

BofA Merrill Lynch is the agent.

The Cusip is 09709TFS5.

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