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BofA plans 14-month capped Accelerated Return Notes tied to Stoxx 50
By Susanna Moon
Chicago, Dec. 26 – BofA Finance LLC plans to price 0% Accelerated Return Notes due February 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a capped return of 21% to 25%.
Investors will be exposed to any losses.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch is the agent.
The notes will price and settle in December.
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