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BofA plans two-year capped leveraged notes linked to Russell 2000
By Susanna Moon
Chicago, May 2 – BofA Finance LLC plans to price 0% Capped Leveraged Index Return Notes due May 2020 linked to the Russell 2000 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 double any index gain up to a maximum return of 14% to 18%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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