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BofA to price Leveraged Index Return Notes on Bloomberg Commodity
By Sarah Lizee
Olympia, Wash., Sept. 13 – BofA Finance LLC plans to price 0% Leveraged Index Return Notes due September 2021 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
If the index return is positive, the payout at maturity will be par plus 160% to 180% of the index return, with the exact participation rate to be set at pricing.
Investors will be fully exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in September.
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