BofA Finance plans to price notes due 2021 linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 13 – BofA Finance LLC plans to price 0% notes due Dec. 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

If the return of each index is positive, the payout at maturity will be par plus the return of the lesser performing index, capped at par plus 18% to 20%.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index, subject to a minimum payout of $950 per $1,000 of notes.

BofA Merrill Lynch is the agent.

The notes will price on Dec. 27 and settle on Dec. 31.

The Cusip number is 09709TKQ3.

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