BofA to price contingent income autocallable yield notes on three ETFs

By Sarah Lizee

Olympia, Wash., Feb. 21 – BofA Finance LLC plans to price contingent income autocallable yield notes due March 2, 2022 linked to the worst performing of the SPDR S&P Bank ETF, the SPDR S&P Retail ETF and the VanEck Vectors Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.25% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par on if each asset closes above its initial level on any quarterly determination date.

The payout at maturity will be par unless any asset finishes below its 70% threshold level, in which case investors will be fully exposed to any losses of the worst performing asset.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

The notes will price on Feb. 25.

The Cusip number is 09709TA68.

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