BofA Finance plans market-linked step-up notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., March 29 – BofA Finance LLC plans to price 0% market-linked step-up notes due May 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

If the index finishes above the step-up level – 112% to 118% of the initial level – the payout at maturity will be par plus the gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up return of 12% to 18%.

Investors will be fully exposed to any index decline.

BofA Merrill Lynch is the agent.

The notes are expected to price in March and settle in April.

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