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BofA will price Accelerated Return Notes linked Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., April 6 – BofA Finance LLC plans to price 0% Accelerated Return Notes due in June 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum settlement amount that is expected to be between 28.5% and 32.5%, with the exact cap to be set at pricing.
Investors will lose 1% for each 1% decline.
BofA Merrill Lynch will be the agent.
The notes are expected to price in April and settle in May.
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