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BofA plans 14-month capped Accelerated Return Notes tied to S&P 500
By Susanna Moon
Chicago, Aug. 25 – BofA Finance LLC plans to price Accelerated Return Notes due October 2018 linked to the S&P 500 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 10% to 14%.
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 August.
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