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BofA plans leveraged buffered notes with cap linked to MSCI EAFE
By Susanna Moon
Chicago, Jan. 23 – BofA Finance LLC plans to price 0% leveraged buffered notes due in 20 to 23 months linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,193.80 to $1,227.85 per $1,000 principal amount.
Investor will receive par if the index falls by up to 5% and will lose 1.0526% for each 1% decline beyond 5%.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch is the agent.
The Cusip is 09709TCU3.
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