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Published on 5/22/2017 in the Prospect News Structured Products Daily.

BofA Finance plans Accelerated Return Notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., May 22 – BofA Finance LLC plans to price 0% Accelerated Return Notes due July 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be between 17% and 21% and will be set at pricing. Investors will lose 1% for each 1% index decline.

BofA Merrill Lynch is the agent.

The notes will price in May and settle in June.


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