BofA to sell contingent income autocalls on gold, oil funds

Chicago, March 6 – BofA Finance LLC plans to sell contingent income autocallable buffered notes due Sept. 28, 2020 linked to the least performing of the VanEck Vectors Gold Miners ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12.15% if each underlying asset closes at or above its 85% threshold value on the observation date for that month.

The notes will be called at par plus the coupon if each underlying component closes at or above its initial level on any observation date after six months.

The payout at maturity will be par plus the final coupon unless either asset finishes below its 85% downside threshold, in which case investors will lose 1% for each 1% decline of the least performing fund beyond the 15% downside threshold.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price March 26 and settle March 29.

The Cusip number is 09709TNT4.

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