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BofA plans to price step-down trigger autocallable on S&P, Stoxx
By Emma Trincal
New York, June 27 – BofA Finance LLC plans to price 0% step-down trigger autocallable notes due June 30, 2027 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 9.3% to 10.3% annualized if each index closes at or above its initial level on any quarterly review date after one year or at or above its 70% step down threshold on the final valuation date. The exact call return rate will be set at pricing.
If all indexes close above the step-down threshold, the payout at maturity will be par plus 46.5% to 51.5%.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and BofA Finance LLC are the agents.
A guarantee comes from Bank of America Corp.
The notes will price on June 28 and settle on June 30.
The Cusip number is 09710G452.
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