BofA plans to sell notes tied to S&P 500 index, Russell 2000 index

By Devika Patel

Knoxville, Tenn., Dec. 12 – BofA Finance LLC intends to price 0% notes due Dec. 30, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the final value of each index is positive, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum payout of $1,260 to $1,310 per $1,000 of notes. The exact cap will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level, with a minimum payout of $950 per $1,000 of notes.

BofA Merrill Lynch is the agent.

The notes (Cusip: 09709TKU4) will price on Dec. 27 and settle on Dec. 31.

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