BofA Finance plans contingent income autocalls on Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Aug. 28 – BofA Finance LLC plans to price contingent income autocallable yield notes due March 3, 2022 linked to the worst performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.5% if each underlying index closes at or above its 60% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless any index finishes below its 60% threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the selling agent.

The notes will price on Aug. 31.

The Cusip number is 09709TM24.

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