Bank of America plans 14-month Accelerated Return Notes tied to indexes

By Susanna Moon

Chicago, March 10 – BofA Finance LLC plans to price 0% Accelerated Return Notes due May 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with an initial weight of 60%, the Euro Stoxx 50 index with an initial weight of 20% and the MSCI Emerging Markets index with an initial weight of 20%. The payout at maturity will be par of $10 plus 300% of any basket gain, up to a maximum return of 11% to 15%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Bank of America Corp. will guarantee the notes.

The notes will price in March and settle in April.

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