BofA plans contingent income autocallable yield notes on stocks

By Sarah Lizee

Olympia, Wash., Sept. 23 – BofA Finance LLC plans to price contingent income autocallable yield notes due Sept. 30, 2020 linked to the worst performing of the common stocks of Amazon.com, Inc., Apple Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 15.15% if each asset closes at or above its 65% threshold on the related determination date.

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

The payout at maturity will be par plus the coupon if all three assets close above their 65% 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 will price on Sept. 25.

The Cusip number is 09709TUR0.

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