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Published on 2/13/2017 in the Prospect News Structured Products Daily.

BofA to price capped leveraged index return notes on Euro Stoxx 50

By Lisa Mayntz

Chicago, Feb. 13 – BofA Finance LLC plans to price capped leveraged index return notes due February 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par plus double any index gain, up to a capped value of $12.10 to $12.50 per unit, 21% to 25% over the initial price. The exact cap will be set at pricing.

Investor will receive par if the index falls by less than 10% of its initial value. Investors will be exposed to losses beyond the 10% threshold.

BofA Merrill Lynch is the agent.

The notes will price in February and settle in March.


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