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BofA plans 14-month Accelerated Return Notes on S&P Regional Banks
By Susanna Moon
Chicago, Dec. 26 – BofA Finance LLC plans to price 0% Accelerated Return Notes due February 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par plus triple any index gain, up to a capped return of 15% to 19%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in December.
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