BofA plans to price contingent income autocallables on four stocks

By Sarah Lizee

Olympia, Wash., May 14 – BofA Finance LLC plans to price contingent income autocallable notes due June 3, 2022 linked to the worst performing of the common stocks of Amazon.com, Inc., Microsoft Corp., Alphabet Inc. and Intel Corp., according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 11.25% to 11.75% if each asset closes at or above its 70% threshold on the related determination date.

The notes will be automatically redeemed at par if each asset closes above 90% its initial value on any observation date beginning in August.

The payout at maturity will be par plus the coupon if all three assets close above their 70% trigger values.

Otherwise, investors will be fully exposed to any losses of the worst performing asset.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes are expected to price on May 28.

The Cusip number is 09709TRS2.

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