BofA plans to price contingent income autocallable yield notes on three stocks

By Emma Trincal

New York, June 2 – BofA Finance LLC plans to price contingent income autocallable yield notes due June 21, 2022 linked to the worst performing of the common stocks of Lowe’s Cos., Inc., PepsiCo, Inc. and Starbucks Corp., according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 11% if each stock closes at or above its 60% coupon barrier on the related determination date.

The notes will be automatically redeemed at par if each stock closes above its initial value on any quarterly call observation date after six months.

The payout at maturity will be par plus the coupon if all three stocks finish above their 60% trigger values.

Otherwise, investors will be fully exposed to any losses of the worst performing stock.

The notes will be guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

The notes will price on June 16 and settle on June 19.

The Cusip is 09709TF89.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.