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BofA Finance plans to price notes due 2020 linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Oct. 31 – BofA Finance LLC plans to price 0% notes due Nov. 5, 2020 linked to the S&P 500 index, 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 plus two times the index return, capped at par plus 19% to 20%.
If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the agent.
The notes will price on Nov. 2 and settle on Nov. 7.
The Cusip number is 09709TJP7.
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