BofA to price capped Leveraged Index Return Notes tied to EM index

By Sarah Lizee

Olympia, Wash., July 9 – BofA Finance LLC plans to price 0% capped Leveraged Index Return Notes due July 2021 tied to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum payout of 16% to 20%. The exact cap will be set at pricing.

Investors will receive par if the index remains flat or falls by up to 10% and will lose 1% for every 1% decline of the index beyond 10%.

BofA Securities, Inc. is the agent.

The notes will price in July and settle in August.

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