BofA Finance to price contingent income callable notes tied to indexes

By Sarah Lizee

Olympia, Wash., Sept. 30 – BofA Finance LLC plans to price contingent income issuer callable yield notes due April 6, 2022 linked to the least performing of the MSCI Emerging Markets index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8.3% per year if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any index finishes below its threshold value, 65% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Starting April 1, 2020, the notes will be callable at par on any interest payment date.

The notes will be guaranteed by Bank of America Corp.

BofA Securities, Inc. is the agent.

The notes will price Oct. 1.

The Cusip number is 09709TVW8.

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