BofA plans three-year leveraged notes with no cap tied to index basket

By Susanna Moon

Chicago, Aug. 14 – BofA Finance LLC plans to price 0% Leveraged Index Return Notes due August 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average with an initial weight of 40%, the Euro Stoxx 50 index with a weight of 24%, the FTSE 100 index with a weight of 12%, the Nikkei Stock Average index with a weight of 12%, the Swiss Market index with a weight of 4.5%, the S&P/ASX 200 index with a weight of 4.5% and the Hang Seng index with a weight of 3%.

The payout at maturity will be par plus 130% to 150% of any basket gain.

Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price and settle in August.

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