BofA plans to price leveraged buffered notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., April 9 – BofA Finance LLC plans to price 0% leveraged buffered notes due in 16 to 19 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

If the index return is positive, the payout at maturity will be par plus 160% of the index return, capped at par plus 14.896% to 17.472%.

Investors will receive par if the index declines by 10% or less and will lose 1.11111% for every 1% that it declines beyond 10%.

BofA Merrill Lynch is the underwriter.

The Cusip number is 09709TPZ8.

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