BofA plans 6% contingent income autocalls tied to S&P 500, Russell

By Susanna Moon

Chicago, Sept. 19 – BofA Finance LLC plans to price contingent income autocallable securities due Sept. 26, 2025 linked to the lesser performing of the S&P 500 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% if each index closes at or above its 75% coupon threshold on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any call valuation date after one year.

The payout at maturity will be par unless either index finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Bank of America Corp.

BofA Merrill Lynch is the underwriter with Morgan Stanley Wealth Management as the dealer.

The notes will price on Sept. 25.

The Cusip number is 09709THW4.

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