BofA plans two-year market-linked step up notes on Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Jan. 26 – BofA Finance LLC plans to price 0% market-linked step up notes due January 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step up payment and the index return. The step up payment is expected to be 23.5% to 29.5% and will be set at pricing.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the agent.

The notes will price in January and settle in February.

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