BofA plans contingent income buffered autocalls on Russell, Nasdaq

By Sarah Lizee

Olympia, Wash., June 24 – BofA Finance LLC plans to sell contingent income autocallable buffered notes due June 30, 2021 linked to the least performing of the Russell 2000 index and the Nasdaq-100 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 at least 6.05% if each underlying asset closes at or above its 85% threshold value on the relevant observation date.

The notes will be called at par plus the coupon if each underlying component closes at or above its initial level on any quarterly observation date, starting in December.

The payout at maturity will be par plus the final coupon if the least performing asset finishes above its 85% threshold value.

Otherwise, investors will be exposed to the losses of the least performing index beyond 15%.

The notes are guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

The notes will price June 25.

The Cusip number is 09709TSZ5.

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