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Published on 11/2/2018 in the Prospect News Structured Products Daily.

BofA plans to price leveraged basket-linked notes linked to indexes

By Emma Trincal

New York, Nov. 2 – BofA Finance LLC plans to price 0% leveraged notes due in 19 to 22 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par plus three times any basket gain, capped at a maximum settlement amount expected to be between $1,750.90 and $1,881.10 for each $1,000 face amount.

Investors will share in any losses.

BofA Merrill Lynch is the agent.

The Cusip number is 09709TKT7.


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