BofA plans 5.3% contingent income autocalls tied to S&P 500, Russell

By Susanna Moon

Chicago, July 11 – BofA Finance LLC plans to price contingent income autocallable notes due July 31, 2022 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 5.3004% if each index closes at or above its 60% threshold on the determination date for that month.

The notes will be called at par if each index closes at or above its initial level on any interest payment date after one year.

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

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes are expected to price on July 26.

The Cusip number is 09709TFL0.

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